ProShares Short S&P500 (NYSEARCA:SH) Reaches New 12-Month Low at $23.57

ProShares Short S&P500 (NYSEARCA:SH)’s share price hit a new 52-week low on Tuesday . The company traded as low as $23.57 and last traded at $23.57, with a volume of 53425 shares. The stock had previously closed at $23.58.

The business’s 50-day moving average is $24.26 and its two-hundred day moving average is $25.68.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were given a dividend of $0.0869 per share. The ex-dividend date was Tuesday, December 24th. This represents a $0.35 dividend on an annualized basis and a yield of 1.47%.

A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in ProShares Short S&P500 by 215.4% in the 2nd quarter. Northern Trust Corp now owns 26,271 shares of the real estate investment trust’s stock valued at $699,000 after buying an additional 17,941 shares during the last quarter. Private Advisor Group LLC boosted its position in ProShares Short S&P500 by 77.2% in the 2nd quarter. Private Advisor Group LLC now owns 34,509 shares of the real estate investment trust’s stock valued at $554,000 after buying an additional 15,031 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new position in ProShares Short S&P500 in the 2nd quarter valued at about $37,000. Morgan Stanley boosted its position in ProShares Short S&P500 by 14.0% in the 2nd quarter. Morgan Stanley now owns 5,620,297 shares of the real estate investment trust’s stock valued at $149,556,000 after buying an additional 691,603 shares during the last quarter. Finally, Vivaldi Capital Management LLC purchased a new position in ProShares Short S&P500 in the 2nd quarter valued at about $216,000.

About ProShares Short S&P500 (NYSEARCA:SH)

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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