ProShares Short S&P500 (NYSEARCA:SH) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in ProShares Short S&P500 (NYSEARCA:SH) by 87.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,796 shares of the real estate investment trust’s stock after selling 75,393 shares during the period. Kovack Advisors Inc.’s holdings in ProShares Short S&P500 were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Marlin Sams Capital Management LLC purchased a new position in ProShares Short S&P500 during the third quarter worth approximately $15,732,000. Arete Wealth Advisors LLC acquired a new stake in shares of ProShares Short S&P500 in the 3rd quarter worth $10,007,000. IMC Chicago LLC purchased a new position in shares of ProShares Short S&P500 during the 3rd quarter worth $5,729,000. Vigilare Wealth Management acquired a new position in shares of ProShares Short S&P500 during the 3rd quarter valued at about $3,142,000. Finally, Freedom Investment Management Inc. grew its holdings in shares of ProShares Short S&P500 by 265.1% in the third quarter. Freedom Investment Management Inc. now owns 369,746 shares of the real estate investment trust’s stock valued at $4,012,000 after purchasing an additional 268,485 shares during the period.

ProShares Short S&P500 Stock Performance

ProShares Short S&P500 stock opened at $42.24 on Friday. The company has a 50-day moving average price of $41.71 and a 200 day moving average price of $42.90. ProShares Short S&P500 has a 12-month low of $40.84 and a 12-month high of $50.48.

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.