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

ProShares Short S&P500 (NYSEARCA:SH) reached a new 52-week low during trading on Thursday . The stock traded as low as $10.65 and last traded at $10.65, with a volume of 110203 shares traded. The stock had previously closed at $10.72.

ProShares Short S&P500 Trading Down 0.4 %

The firm has a fifty day moving average price of $11.14 and a 200 day moving average price of $11.57.

Institutional Investors Weigh In On ProShares Short S&P500

A number of large investors have recently made changes to their positions in SH. First National Corp MA ADV boosted its position in ProShares Short S&P500 by 266.2% in the third quarter. First National Corp MA ADV now owns 1,563,361 shares of the real estate investment trust’s stock valued at $16,962,000 after buying an additional 1,136,404 shares during the last quarter. Pineridge Advisors LLC boosted its holdings in shares of ProShares Short S&P500 by 5.8% in the 1st quarter. Pineridge Advisors LLC now owns 1,320,468 shares of the real estate investment trust’s stock valued at $15,661,000 after acquiring an additional 72,543 shares during the last quarter. EWG Elevate Inc. acquired a new stake in shares of ProShares Short S&P500 in the third quarter worth $13,825,000. RIA Advisory Group LLC purchased a new position in shares of ProShares Short S&P500 during the first quarter worth $14,472,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in ProShares Short S&P500 by 44.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,098,010 shares of the real estate investment trust’s stock valued at $13,022,000 after purchasing an additional 339,498 shares during the period.

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.