ProShares Short S&P500 (NYSEARCA:SH) Reaches New 1-Year Low – What’s Next?

ProShares Short S&P500 (NYSEARCA:SH)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $41.13 and last traded at $41.15, with a volume of 231887 shares changing hands. The stock had previously closed at $41.33.

ProShares Short S&P500 Trading Down 0.6 %

The company’s 50-day simple moving average is $42.06 and its 200-day simple moving average is $43.68.

Institutional Trading of ProShares Short S&P500

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in ProShares Short S&P500 by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 295,208 shares of the real estate investment trust’s stock valued at $3,368,000 after purchasing an additional 21,540 shares during the period. XTX Topco Ltd acquired a new position in shares of ProShares Short S&P500 in the 2nd quarter valued at approximately $233,000. Mirador Capital Partners LP lifted its holdings in shares of ProShares Short S&P500 by 52.2% during the 3rd quarter. Mirador Capital Partners LP now owns 1,009,135 shares of the real estate investment trust’s stock worth $10,949,000 after acquiring an additional 346,068 shares during the period. EWG Elevate Inc. acquired a new stake in shares of ProShares Short S&P500 during the 3rd quarter worth approximately $13,825,000. Finally, Brookstone Capital Management bought a new position in ProShares Short S&P500 in the third quarter valued at approximately $145,000.

About ProShares Short S&P500

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.