First National Corp MA ADV Has $3.69 Million Position in ProShares Short S&P500 (NYSEARCA:SH)

First National Corp MA ADV grew its holdings in ProShares Short S&P500 (NYSEARCA:SH) by 46.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 283,779 shares of the real estate investment trust’s stock after purchasing an additional 90,383 shares during the quarter. ProShares Short S&P500 makes up 0.9% of First National Corp MA ADV’s investment portfolio, making the stock its 29th largest position. First National Corp MA ADV’s holdings in ProShares Short S&P500 were worth $3,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Financial Group Inc. raised its position in shares of ProShares Short S&P500 by 0.7% in the third quarter. Compass Financial Group Inc. now owns 398,160 shares of the real estate investment trust’s stock valued at $5,761,000 after purchasing an additional 2,791 shares during the period. Envestnet Asset Management Inc. grew its position in shares of ProShares Short S&P500 by 450.8% in the third quarter. Envestnet Asset Management Inc. now owns 812,969 shares of the real estate investment trust’s stock valued at $11,764,000 after purchasing an additional 665,370 shares during the last quarter. Quadrature Capital Ltd bought a new stake in ProShares Short S&P500 during the 3rd quarter valued at approximately $386,000. ORG Partners LLC boosted its holdings in ProShares Short S&P500 by 307.1% in the 3rd quarter. ORG Partners LLC now owns 12,507 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 9,435 shares during the period. Finally, Robinson Value Management Ltd. acquired a new position in shares of ProShares Short S&P500 during the third quarter valued at about $8,492,000.

ProShares Short S&P500 Stock Performance

Shares of SH opened at $11.86 on Thursday. ProShares Short S&P500 has a 12-month low of $11.81 and a 12-month high of $15.39. The stock’s 50-day moving average price is $12.40 and its 200 day moving average price is $13.37.

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.