Shares of ProShares Short S&P500 (NYSEARCA:SH – Get Free Report) were up 3.4% on Monday . The stock traded as high as $44.91 and last traded at $45.06. Approximately 10,711,432 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 5,904,789 shares. The stock had previously closed at $43.60.
ProShares Short S&P500 Price Performance
The company has a 50-day moving average price of $42.00 and a two-hundred day moving average price of $42.76.
Hedge Funds Weigh In On ProShares Short S&P500
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of ProShares Short S&P500 during the third quarter worth approximately $1,170,000. Aptus Capital Advisors LLC bought a new position in shares of ProShares Short S&P500 in the third quarter valued at $33,000. Intellectus Partners LLC grew its holdings in shares of ProShares Short S&P500 by 89.3% during the third quarter. Intellectus Partners LLC now owns 21,254 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 10,028 shares during the last quarter. RIA Advisory Group LLC bought a new stake in shares of ProShares Short S&P500 during the third quarter worth about $583,000. Finally, Sugar Maple Asset Management LLC raised its holdings in shares of ProShares Short S&P500 by 2.6% in the 3rd quarter. Sugar Maple Asset Management LLC now owns 82,779 shares of the real estate investment trust’s stock worth $898,000 after acquiring an additional 2,070 shares during the last quarter.
ProShares Short S&P500 Company 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.
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