ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) shares hit a new 52-week low on Tuesday. The company traded as low as $31.76 and last traded at $31.7050, with a volume of 525999 shares changing hands. The stock had previously closed at $31.91.
ProShares Short S&P 500 Stock Up 0.3%
The company’s fifty day moving average price is $32.38 and its two-hundred day moving average price is $33.65.
Hedge Funds Weigh In On ProShares Short S&P 500
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SH. J. Safra Sarasin Holding AG lifted its holdings in shares of ProShares Short S&P 500 by 296.4% in the first quarter. J. Safra Sarasin Holding AG now owns 60,510 shares of the real estate investment trust’s stock valued at $2,295,000 after purchasing an additional 45,246 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its position in shares of ProShares Short S&P 500 by 19.4% during the second quarter. Guardian Wealth Advisors LLC NC now owns 233,122 shares of the real estate investment trust’s stock worth $7,698,000 after buying an additional 37,914 shares during the period. Canal Capital Management LLC bought a new position in shares of ProShares Short S&P 500 during the first quarter worth about $2,634,000. Cetera Investment Advisers grew its holdings in shares of ProShares Short S&P 500 by 15.8% during the first quarter. Cetera Investment Advisers now owns 145,868 shares of the real estate investment trust’s stock worth $5,533,000 after buying an additional 19,933 shares in the last quarter. Finally, Three Seasons Wealth LLC acquired a new stake in ProShares Short S&P 500 in the 1st quarter valued at approximately $20,507,000.
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.
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