Sugar Maple Asset Management LLC Has $1.34 Million Stock Position in ProShares Short S&P 500 $SH

Sugar Maple Asset Management LLC raised its stake in ProShares Short S&P 500 (NYSEARCA:SH) by 70.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,337 shares of the real estate investment trust’s stock after buying an additional 15,000 shares during the quarter. ProShares Short S&P 500 comprises approximately 1.0% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Sugar Maple Asset Management LLC’s holdings in ProShares Short S&P 500 were worth $1,343,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SH. SBI Securities Co. Ltd. raised its holdings in shares of ProShares Short S&P 500 by 49.5% during the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 318 shares during the period. Graves Light Lenhart Wealth Inc. increased its holdings in ProShares Short S&P 500 by 2.2% during the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 17,658 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 376 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of ProShares Short S&P 500 by 17.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,309 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 794 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of ProShares Short S&P 500 by 12.3% in the second quarter. Foundations Investment Advisors LLC now owns 7,960 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 870 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of ProShares Short S&P 500 in the second quarter valued at about $36,000.

ProShares Short S&P 500 Trading Up 2.0%

NYSEARCA:SH opened at $36.37 on Wednesday. The stock has a 50-day simple moving average of $36.30 and a 200 day simple moving average of $37.36. ProShares Short S&P 500 has a 52-week low of $35.36 and a 52-week high of $51.37.

ProShares Short S&P 500 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.