Sugar Maple Asset Management LLC Makes New Investment in ProShares Short S&P 500 $SH

Sugar Maple Asset Management LLC bought a new position in ProShares Short S&P 500 (NYSEARCA:SH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,337 shares of the real estate investment trust’s stock, valued at approximately $809,000. Sugar Maple Asset Management LLC owned about 0.06% of ProShares Short S&P 500 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SH. JPMorgan Chase & Co. raised 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 purchasing an additional 5,314 shares during the last quarter. NewEdge Advisors LLC boosted its stake in 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 worth $260,000 after purchasing an additional 5,475 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in ProShares Short S&P 500 during the 2nd quarter valued at about $595,000. Raymond James Financial Inc. purchased a new stake in ProShares Short S&P 500 during the 2nd quarter valued at about $77,000. Finally, WFA of San Diego LLC bought a new stake in ProShares Short S&P 500 during the 2nd quarter valued at about $36,000.

ProShares Short S&P 500 Stock Performance

NYSEARCA:SH opened at $33.76 on Friday. ProShares Short S&P 500 has a fifty-two week low of $32.71 and a fifty-two week high of $40.13. The firm has a 50-day simple moving average of $33.75 and a two-hundred day simple moving average of $35.45.

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.