ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $32.34 and traded as high as $33.09. ProShares Short S&P 500 shares last traded at $32.86, with a volume of 12,028,046 shares changing hands.
ProShares Short S&P 500 Stock Up 1.9%
The company has a 50 day simple moving average of $32.34 and a 200-day simple moving average of $34.10.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SH. Verity Asset Management Inc. acquired a new stake in shares of ProShares Short S&P 500 in the third quarter valued at approximately $2,128,000. Trek Financial LLC bought a new stake in shares of ProShares Short S&P 500 in the third quarter worth $7,008,000. Virtue Capital Management LLC lifted its position in shares of ProShares Short S&P 500 by 537.7% in the third quarter. Virtue Capital Management LLC now owns 385,351 shares of the real estate investment trust’s stock worth $12,485,000 after purchasing an additional 324,927 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in ProShares Short S&P 500 during the third quarter worth $227,000. Finally, Aviance Capital Partners LLC acquired a new position in ProShares Short S&P 500 during the third quarter worth $616,000.
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.
See Also
- Five stocks we like better than ProShares Short S&P 500
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for ProShares Short S&P 500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short S&P 500 and related companies with MarketBeat.com's FREE daily email newsletter.
