ProShares Short S&P500 (NYSEARCA:SH) Sets New 12-Month Low – What’s Next?

ProShares Short S&P500 (NYSEARCA:SHGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $41.13 and last traded at $41.15, with a volume of 231887 shares traded. The stock had previously closed at $41.33.

ProShares Short S&P500 Stock Down 0.5 %

The business has a 50 day simple moving average of $42.01 and a 200-day simple moving average of $43.65.

Hedge Funds Weigh In On ProShares Short S&P500

A number of hedge funds have recently made changes to their positions in the stock. Aptus Capital Advisors LLC purchased a new stake in shares of ProShares Short S&P500 during the 3rd quarter worth about $33,000. Nvwm LLC acquired a new position in ProShares Short S&P500 during the third quarter valued at approximately $46,000. Ridgecrest Wealth Partners LLC purchased a new stake in ProShares Short S&P500 during the fourth quarter worth approximately $229,000. Larson Financial Group LLC increased its position in shares of ProShares Short S&P500 by 415.8% in the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 4,528 shares in the last quarter. Finally, HCR Wealth Advisors purchased a new position in shares of ProShares Short S&P500 in the 4th quarter valued at $284,000.

ProShares Short S&P500 Company Profile

(Get Free Report)

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.

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