ProShares Short S&P500 (NYSEARCA:SH) Trading 2.2% Higher – Should You Buy?

ProShares Short S&P500 (NYSEARCA:SH) were up 2.2% during mid-day trading on Friday . The stock traded as high as $44.82 and last traded at $44.86. Approximately 3,763,811 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 6,068,714 shares. The stock had previously closed at $43.91.

ProShares Short S&P500 Price Performance

The stock has a 50 day moving average of $42.56 and a two-hundred day moving average of $42.69.

ProShares Short S&P500 Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be given a $0.3115 dividend. The ex-dividend date is Wednesday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SH. Arete Wealth Advisors LLC purchased a new position in ProShares Short S&P500 during the third quarter valued at approximately $10,007,000. Wakefield Asset Management LLLP grew its holdings in shares of ProShares Short S&P500 by 63.8% during the 4th quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock valued at $8,817,000 after acquiring an additional 81,033 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of ProShares Short S&P500 in the fourth quarter worth $8,319,000. Integrated Wealth Concepts LLC acquired a new position in shares of ProShares Short S&P500 in the third quarter worth $1,710,000. Finally, Virtue Capital Management LLC raised its holdings in shares of ProShares Short S&P500 by 172.6% during the third quarter. Virtue Capital Management LLC now owns 113,206 shares of the real estate investment trust’s stock worth $1,228,000 after acquiring an additional 71,672 shares in the last quarter.

About ProShares Short S&P500

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.