ProShares Short S&P500 (NYSEARCA:SH) Trading Down 1.8% – Here’s What Happened

ProShares Short S&P500 (NYSEARCA:SH)’s share price were down 1.8% on Friday . The company traded as low as $44.77 and last traded at $44.71. Approximately 2,951,527 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 5,996,752 shares. The stock had previously closed at $45.53.

ProShares Short S&P500 Stock Down 2.1 %

The company has a fifty day moving average of $42.12 and a 200-day moving average of $42.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SH. Arete Wealth Advisors LLC acquired a new stake in ProShares Short S&P500 during the third quarter worth $10,007,000. Freedom Investment Management Inc. grew its holdings in shares of ProShares Short S&P500 by 265.1% during the 3rd quarter. Freedom Investment Management Inc. now owns 369,746 shares of the real estate investment trust’s stock worth $4,012,000 after purchasing an additional 268,485 shares during the period. Wakefield Asset Management LLLP increased its position in shares of ProShares Short S&P500 by 63.8% during the 4th quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after purchasing an additional 81,033 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in ProShares Short S&P500 in the 4th quarter valued at about $8,319,000. Finally, Integrated Wealth Concepts LLC acquired a new position in ProShares Short S&P500 in the third quarter valued at about $1,710,000.

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.