ProShares Short S&P 500 (NYSEARCA:SH) Reaches New 52-Week Low – Here’s Why

Shares of ProShares Short S&P 500 (NYSEARCA:SH) hit a new 52-week low on Tuesday . The stock traded as low as $33.46 and last traded at $33.53, with a volume of 7334830 shares. The stock had previously closed at $33.61.

ProShares Short S&P 500 Price Performance

The business’s 50 day moving average price is $36.26 and its 200-day moving average price is $36.22.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of ProShares Short S&P 500 by 255.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 5,314 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of ProShares Short S&P 500 by 503.7% during the 2nd quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 5,475 shares in the last quarter. Quantinno Capital Management LP bought a new position in ProShares Short S&P 500 during the second quarter worth $595,000. Raymond James Financial Inc. acquired a new position in ProShares Short S&P 500 in the second quarter worth $77,000. Finally, WFA of San Diego LLC acquired a new position in ProShares Short S&P 500 in the second quarter worth $36,000.

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.