Axiom Investment Management LLC Purchases 153,075 Shares of ProShares Short S&P 500 $SH

Axiom Investment Management LLC purchased a new position in ProShares Short S&P 500 (NYSEARCA:SH) during the 3rd quarter, Holdings Channel reports. The firm purchased 153,075 shares of the real estate investment trust’s stock, valued at approximately $4,960,000. ProShares Short S&P 500 accounts for about 4.0% of Axiom Investment Management LLC’s holdings, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Three Seasons Wealth LLC acquired a new position in shares of ProShares Short S&P 500 during the first quarter valued at about $20,507,000. Virtue Capital Management LLC lifted its stake in shares of ProShares Short S&P 500 by 537.7% in the third quarter. Virtue Capital Management LLC now owns 385,351 shares of the real estate investment trust’s stock valued at $12,485,000 after buying an additional 324,927 shares during the period. First Pacific Financial bought a new stake in shares of ProShares Short S&P 500 in the third quarter valued at about $10,243,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of ProShares Short S&P 500 in the third quarter valued at about $10,123,000. Finally, Arete Wealth Advisors LLC acquired a new stake in ProShares Short S&P 500 during the first quarter worth about $10,853,000.

ProShares Short S&P 500 Price Performance

SH stock opened at $33.74 on Friday. ProShares Short S&P 500 has a twelve month low of $31.64 and a twelve month high of $39.20. The business’s 50-day simple moving average is $32.42 and its 200 day simple moving average is $34.03.

ProShares Short S&P 500 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.