ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $33.79 and traded as low as $32.00. ProShares Short S&P 500 shares last traded at $32.12, with a volume of 9,984,321 shares trading hands.
ProShares Short S&P 500 Stock Performance
The business has a fifty day moving average of $32.49 and a 200-day moving average of $33.79.
Institutional Investors Weigh In On ProShares Short S&P 500
A number of institutional investors and hedge funds have recently modified their holdings of the company. Three Seasons Wealth LLC purchased a new position in ProShares Short S&P 500 during the first quarter valued at approximately $20,507,000. Arete Wealth Advisors LLC purchased a new stake in ProShares Short S&P 500 in the 1st quarter worth approximately $10,853,000. Arkadios Wealth Advisors purchased a new stake in ProShares Short S&P 500 in the 1st quarter worth approximately $10,769,000. Guardian Wealth Advisors LLC NC boosted its holdings in ProShares Short S&P 500 by 19.4% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 233,122 shares of the real estate investment trust’s stock valued at $7,698,000 after purchasing an additional 37,914 shares during the period. Finally, Axiom Investment Management LLC bought a new position in ProShares Short S&P 500 in the 1st quarter valued at $7,154,000.
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.
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