ProShares Short S&P 500 (NYSEARCA:SH) Reaches New 12-Month Low – What’s Next?

ProShares Short S&P 500 (NYSEARCA:SH) shares reached a new 52-week low on Tuesday . The stock traded as low as $33.06 and last traded at $33.06, with a volume of 1801249 shares traded. The stock had previously closed at $33.31.

ProShares Short S&P 500 Price Performance

The company’s 50-day simple moving average is $35.65 and its two-hundred day simple moving average is $36.02.

Institutional Trading of ProShares Short S&P 500

Several institutional investors and hedge funds have recently modified their holdings of SH. Nvwm LLC bought a new stake in shares of ProShares Short S&P 500 during the 4th quarter valued at $36,000. WFA of San Diego LLC bought a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at $36,000. Atlantic Union Bankshares Corp bought a new stake in shares of ProShares Short S&P 500 during the 3rd quarter valued at $42,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Short S&P 500 during the 4th quarter valued at $55,000. Finally, Ascentis Independent Advisors bought a new stake in shares of ProShares Short S&P 500 during the 1st quarter valued at $67,000.

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.