ProShares Short S&P500 (NYSEARCA:SH – Get Free Report)’s share price traded up 3.4% during mid-day trading on Monday . The company traded as high as $44.91 and last traded at $45.06. 10,711,432 shares traded hands during trading, an increase of 81% from the average session volume of 5,904,789 shares. The stock had previously closed at $43.60.
ProShares Short S&P500 Stock Down 0.5 %
The business’s 50 day simple moving average is $42.00 and its 200 day simple moving average is $42.76.
Hedge Funds Weigh In On ProShares Short S&P500
Institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in ProShares Short S&P500 in the 4th quarter worth about $31,000. Aptus Capital Advisors LLC purchased a new stake in shares of ProShares Short S&P500 in the third quarter valued at approximately $33,000. Larson Financial Group LLC grew its stake in ProShares Short S&P500 by 415.8% in the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 4,528 shares in the last quarter. JPMorgan Chase & Co. bought a new position in ProShares Short S&P500 in the fourth quarter worth approximately $78,000. Finally, Sanctuary Advisors LLC purchased a new stake in ProShares Short S&P500 during the third quarter worth $111,000.
About ProShares Short S&P500
ProShares Short S&P500 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index (the Index). The S&P 500 Index is a measure of large-cap United States stock market performance. It is a capitalization weighted index of 500 United States operating companies and selected real estate investment trusts.
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