Ridgecrest Wealth Partners LLC Acquires New Shares in ProShares Short S&P500 (NYSEARCA:SH)

Ridgecrest Wealth Partners LLC bought a new position in ProShares Short S&P500 (NYSEARCA:SH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,400 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of SH. Marlin Sams Capital Management LLC bought a new stake in shares of ProShares Short S&P500 in the third quarter worth $15,732,000. EWG Elevate Inc. bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter valued at about $13,825,000. First National Corp MA ADV increased its stake in shares of 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 period. Gunderson Capital Management Inc. bought a new position in shares of ProShares Short S&P500 during the third quarter worth about $11,095,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of ProShares Short S&P500 during the third quarter worth about $10,007,000.

ProShares Short S&P500 Trading Up 0.3 %

Shares of SH stock opened at $41.02 on Monday. The business’s 50 day simple moving average is $41.98 and its 200 day simple moving average is $43.61. ProShares Short S&P500 has a one year low of $40.84 and a one year high of $51.48.

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.