ProShares Short S&P 500 (NYSEARCA:SH) Sees Significant Decline in Short Interest

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 431,120 shares, a decline of 45.2% from the April 15th total of 787,229 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 10,826,502 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On ProShares Short S&P 500

A number of large investors have recently made changes to their positions in the business. Stack Financial Management Inc acquired a new position in shares of ProShares Short S&P 500 in the 4th quarter valued at about $90,286,000. UBS Group AG increased its holdings in ProShares Short S&P 500 by 167.7% in the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after buying an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in ProShares Short S&P 500 in the first quarter worth approximately $20,507,000. Stratos Wealth Advisors LLC acquired a new position in ProShares Short S&P 500 in the fourth quarter worth approximately $17,698,000. Finally, Focus Partners Wealth increased its holdings in ProShares Short S&P 500 by 3.2% in the fourth quarter. Focus Partners Wealth now owns 407,260 shares of the real estate investment trust’s stock worth $14,674,000 after buying an additional 12,658 shares during the last quarter.

ProShares Short S&P 500 Stock Up 1.3%

Shares of NYSEARCA:SH traded up $0.42 during mid-day trading on Friday, hitting $33.56. The stock had a trading volume of 7,983,704 shares, compared to its average volume of 11,226,315. ProShares Short S&P 500 has a 12-month low of $33.08 and a 12-month high of $42.89. The company’s 50 day moving average is $36.04 and its 200-day moving average is $36.13.

ProShares Short S&P 500 Company 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.