ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $31.86 and last traded at $31.8360, with a volume of 3272115 shares changing hands. The stock had previously closed at $32.10.
ProShares Short S&P 500 Trading Down 0.5%
The stock has a fifty day simple moving average of $33.13 and a 200-day simple moving average of $34.73.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in ProShares Short S&P 500 by 255.5% in the second quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 5,314 shares during the period. NewEdge Advisors LLC grew its holdings in shares of ProShares Short S&P 500 by 503.7% in the 2nd quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 5,475 shares during the period. Quantinno Capital Management LP bought a new stake in shares of ProShares Short S&P 500 in the 2nd quarter valued at $595,000. Raymond James Financial Inc. bought a new stake in shares of ProShares Short S&P 500 in the 2nd quarter valued at $77,000. Finally, WFA of San Diego LLC acquired a new stake in ProShares Short S&P 500 during the 2nd quarter worth $36,000.
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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