ProShares Short S&P500 (NYSEARCA:SH – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $42.48 and traded as high as $43.39. ProShares Short S&P500 shares last traded at $42.65, with a volume of 6,751,771 shares.
ProShares Short S&P500 Stock Performance
The stock’s 50 day moving average price is $42.47 and its 200 day moving average price is $44.34.
Institutional Investors Weigh In On ProShares Short S&P500
Several large investors have recently made changes to their positions in SH. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of ProShares Short S&P500 in the second quarter valued at approximately $3,860,000. Laidlaw Wealth Management LLC acquired a new stake in ProShares Short S&P500 during the 2nd quarter valued at $285,000. Kornitzer Capital Management Inc. KS bought a new position in ProShares Short S&P500 during the second quarter worth $114,000. Arcadia Investment Management Corp MI increased its holdings in shares of ProShares Short S&P500 by 2,794.2% in the second quarter. Arcadia Investment Management Corp MI now owns 86,825 shares of the real estate investment trust’s stock valued at $991,000 after purchasing an additional 83,825 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of ProShares Short S&P500 by 30.9% in the second quarter. Oppenheimer & Co. Inc. now owns 476,514 shares of the real estate investment trust’s stock valued at $5,437,000 after purchasing an additional 112,490 shares during 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.
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