ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 799,700 shares, a growth of 151.6% from the February 26th total of 317,788 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,680,299 shares, the days-to-cover ratio is presently 0.0 days.
ProShares Short S&P 500 Stock Up 1.8%
Shares of SH traded up $0.67 during mid-day trading on Friday, hitting $38.89. 12,634,580 shares of the stock were exchanged, compared to its average volume of 11,484,147. The firm has a 50-day moving average of $36.36 and a two-hundred day moving average of $36.57. ProShares Short S&P 500 has a 52-week low of $35.34 and a 52-week high of $51.37.
ProShares Short S&P 500 Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a $0.1789 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.72 annualized dividend and a yield of 1.8%.
Institutional Investors Weigh In On ProShares Short S&P 500
About ProShares Short S&P 500
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.
Further Reading
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