National Wealth Management Group LLC Buys New Stake in ProShares Short S&P500 (NYSEARCA:SH)

National Wealth Management Group LLC purchased a new stake in ProShares Short S&P500 (NYSEARCA:SH) during the 4th quarter, HoldingsChannel reports. The firm purchased 18,097 shares of the real estate investment trust’s stock, valued at approximately $235,000.

A number of other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter worth approximately $111,000. First Horizon Advisors Inc. bought a new stake in ProShares Short S&P500 in the 3rd quarter valued at $143,000. Rathbones Group PLC acquired a new position in shares of ProShares Short S&P500 in the 3rd quarter valued at $159,000. Milestone Asset Management LLC acquired a new stake in shares of ProShares Short S&P500 during the 3rd quarter valued at about $165,000. Finally, Raymond James & Associates bought a new stake in ProShares Short S&P500 in the third quarter valued at about $171,000.

ProShares Short S&P500 Stock Down 1.2 %

Shares of NYSEARCA SH traded down $0.15 during midday trading on Tuesday, reaching $12.34. 12,372,715 shares of the company traded hands, compared to its average volume of 21,108,971. The stock’s 50-day simple moving average is $12.20 and its 200-day simple moving average is $13.09. ProShares Short S&P500 has a 12 month low of $11.81 and a 12 month high of $15.29.

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.