Ladenburg Thalmann Financial Services Inc. Sells 17,906 Shares of ProShares Short S&P500 (SH)

Ladenburg Thalmann Financial Services Inc. lowered its holdings in shares of ProShares Short S&P500 (NYSEARCA:SH) by 38.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,039 shares of the real estate investment trust’s stock after selling 17,906 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.06% of ProShares Short S&P500 worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of ProShares Short S&P500 by 204.7% in the third quarter. JPMorgan Chase & Co. now owns 3,099 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 2,082 shares in the last quarter. Financial Counselors Inc. acquired a new stake in shares of ProShares Short S&P500 in the third quarter valued at approximately $257,000. Annex Advisory Services LLC increased its holdings in shares of ProShares Short S&P500 by 50.8% in the fourth quarter. Annex Advisory Services LLC now owns 9,800 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 3,300 shares during the last quarter. Truepoint Inc. acquired a new stake in shares of ProShares Short S&P500 in the fourth quarter valued at approximately $302,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of ProShares Short S&P500 in the fourth quarter valued at approximately $380,000.

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Shares of NYSEARCA:SH traded down $0.26 during midday trading on Monday, hitting $29.84. The company had a trading volume of 3,399,795 shares, compared to its average volume of 5,886,046. ProShares Short S&P500 has a twelve month low of $28.14 and a twelve month high of $34.92.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Thursday, March 22nd were paid a dividend of $0.0377 per share. The ex-dividend date was Wednesday, March 21st. This represents a $0.15 annualized dividend and a yield of 0.51%.

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ProShares Short S&P500 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.

Institutional Ownership by Quarter for ProShares Short S&P500 (NYSEARCA:SH)

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