ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,395,343 shares, a growth of 22.0% from the December 31st total of 1,143,673 shares. Approximately 4.8% of the shares of the stock are sold short. Based on an average trading volume of 6,053,636 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 6,053,636 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.8% of the shares of the stock are sold short.

ProShares Short S&P 500 Stock Up 1.3%

NYSEARCA SH traded up $0.47 on Tuesday, hitting $35.97. 9,869,896 shares of the company’s stock were exchanged, compared to its average volume of 6,607,431. The stock has a 50-day moving average of $36.01 and a 200-day moving average of $37.12. ProShares Short S&P 500 has a 52 week low of $35.34 and a 52 week high of $51.37.

Institutional Trading of ProShares Short S&P 500

Several large investors have recently bought and sold shares of SH. Stack Financial Management Inc acquired a new position in ProShares Short S&P 500 during the fourth quarter worth about $90,286,000. Simplicity Wealth LLC grew its holdings in shares of ProShares Short S&P 500 by 30.4% during the 4th quarter. Simplicity Wealth LLC now owns 8,118 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 1,893 shares during the last quarter. IMC Chicago LLC acquired a new position in ProShares Short S&P 500 during the 4th quarter worth approximately $2,102,000. Belpointe Asset Management LLC increased its position in ProShares Short S&P 500 by 559.7% during the 4th quarter. Belpointe Asset Management LLC now owns 72,964 shares of the real estate investment trust’s stock worth $2,629,000 after purchasing an additional 61,904 shares in the last quarter. Finally, Hedges Asset Management LLC bought a new position in ProShares Short S&P 500 in the 4th quarter valued at approximately $2,486,000.

ProShares Short S&P 500 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. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.