ProShares Short S&P500 (NYSEARCA:SH) Trading Up 2.2% – Should You Buy?

Shares of ProShares Short S&P500 (NYSEARCA:SH) were up 2.2% during trading on Friday . The stock traded as high as $44.82 and last traded at $44.86. Approximately 3,763,811 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 6,068,714 shares. The stock had previously closed at $43.91.

ProShares Short S&P500 Trading Up 2.1 %

The business’s 50-day simple moving average is $42.49 and its two-hundred day simple moving average is $42.73.

ProShares Short S&P500 Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be issued a $0.3115 dividend. The ex-dividend date is Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Short S&P500

A number of hedge funds have recently added to or reduced their stakes in SH. U.S. Capital Wealth Advisors LLC purchased a new position in ProShares Short S&P500 during the 4th quarter worth $2,423,000. Wakefield Asset Management LLLP increased its holdings in ProShares Short S&P500 by 63.8% in the 4th quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after acquiring an additional 81,033 shares during the last quarter. One Plus One Wealth Management LLC raised its stake in ProShares Short S&P500 by 5.4% in the 4th quarter. One Plus One Wealth Management LLC now owns 105,547 shares of the real estate investment trust’s stock valued at $4,473,000 after acquiring an additional 5,366 shares during the period. Ridgecrest Wealth Partners LLC purchased a new stake in shares of ProShares Short S&P500 during the 4th quarter valued at approximately $229,000. Finally, Stableford Capital II LLC bought a new position in ProShares Short S&P500 in the 4th quarter worth approximately $3,112,000.

ProShares Short S&P500 Company Profile

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.