Renaissance Technologies LLC bought a new stake in shares of ProShares Short S&P 500 (NYSEARCA:SH – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,400 shares of the real estate investment trust’s stock, valued at approximately $1,001,000.
Several other institutional investors also recently bought and sold shares of SH. JPMorgan Chase & Co. grew its holdings in ProShares Short S&P 500 by 255.5% in the second quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 5,314 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of ProShares Short S&P 500 by 503.7% during the second quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 5,475 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at $595,000. Raymond James Financial Inc. purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at $77,000. Finally, WFA of San Diego LLC acquired a new stake in shares of ProShares Short S&P 500 in the 2nd quarter worth $36,000.
ProShares Short S&P 500 Stock Performance
Shares of SH stock opened at $31.98 on Friday. ProShares Short S&P 500 has a 1-year low of $31.83 and a 1-year high of $39.20. The stock’s fifty day moving average price is $33.08 and its 200 day moving average price is $34.69.
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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