57,642 Shares of ProShares Short S&P 500 $SH Acquired by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC purchased a new position in ProShares Short S&P 500 (NYSEARCA:SH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,642 shares of the real estate investment trust’s stock, valued at approximately $1,868,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SH. Three Seasons Wealth LLC bought a new position in ProShares Short S&P 500 during the first quarter valued at approximately $20,507,000. First Pacific Financial purchased a new position in shares of ProShares Short S&P 500 in the third quarter worth approximately $10,243,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in ProShares Short S&P 500 in the third quarter worth approximately $10,123,000. Arete Wealth Advisors LLC purchased a new position in shares of ProShares Short S&P 500 during the 1st quarter worth $10,853,000. Finally, Arkadios Wealth Advisors bought a new position in ProShares Short S&P 500 in the 1st quarter worth $10,769,000.

ProShares Short S&P 500 Trading Down 0.2%

Shares of NYSEARCA:SH traded down $0.07 during mid-day trading on Tuesday, reaching $32.24. 8,019,846 shares of the company traded hands, compared to its average volume of 9,821,060. ProShares Short S&P 500 has a 52 week low of $31.64 and a 52 week high of $39.20. The company’s 50 day moving average price is $32.31 and its 200-day moving average price is $33.30.

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.