Citizens Financial Group Inc. RI reduced its stake in ProShares Short S&P 500 (NYSEARCA:SH – Free Report) by 66.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,803 shares of the real estate investment trust’s stock after selling 15,670 shares during the period. Citizens Financial Group Inc. RI’s holdings in ProShares Short S&P 500 were worth $296,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Stack Financial Management Inc purchased a new position in ProShares Short S&P 500 during the fourth quarter worth about $90,286,000. UBS Group AG raised its stake in shares of ProShares Short S&P 500 by 167.7% in the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after acquiring an additional 1,026,917 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of ProShares Short S&P 500 in the 4th quarter worth approximately $17,698,000. Arlington Capital Management Inc. acquired a new position in shares of ProShares Short S&P 500 in the 3rd quarter worth approximately $12,257,000. Finally, Chatham Capital Group Inc. acquired a new position in shares of ProShares Short S&P 500 in the 4th quarter worth approximately $5,750,000.
ProShares Short S&P 500 Stock Up 0.5%
NYSEARCA:SH opened at $32.92 on Friday. ProShares Short S&P 500 has a fifty-two week low of $32.70 and a fifty-two week high of $39.85. The company has a 50 day moving average price of $33.28 and a 200 day moving average price of $35.11.
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.
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Want to see what other hedge funds are holding SH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short S&P 500 (NYSEARCA:SH – Free Report).
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