ProShares Short S&P 500 (NYSEARCA:SH) Reaches New 1-Year Low – What’s Next?

ProShares Short S&P 500 (NYSEARCA:SH)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $33.46 and last traded at $33.53, with a volume of 7334830 shares. The stock had previously closed at $33.61.

ProShares Short S&P 500 Price Performance

The business’s 50-day simple moving average is $36.26 and its two-hundred day simple moving average is $36.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Stack Financial Management Inc acquired a new stake in ProShares Short S&P 500 during the 4th quarter valued at approximately $90,286,000. UBS Group AG increased its holdings in ProShares Short S&P 500 by 167.7% during the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after purchasing an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in shares of ProShares Short S&P 500 in the 1st quarter valued at approximately $20,507,000. Stratos Wealth Advisors LLC acquired a new position in shares of ProShares Short S&P 500 in the 4th quarter valued at approximately $17,698,000. Finally, Focus Partners Wealth boosted its stake in shares of ProShares Short S&P 500 by 3.2% during the 4th quarter. Focus Partners Wealth now owns 407,260 shares of the real estate investment trust’s stock valued at $14,674,000 after buying an additional 12,658 shares during the last quarter.

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.