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

Shares of ProShares Short S&P500 (NYSEARCA:SH) reached a new 52-week low on Wednesday . The company traded as low as $41.13 and last traded at $41.15, with a volume of 231887 shares traded. The stock had previously closed at $41.33.

ProShares Short S&P500 Stock Down 0.5 %

The business’s 50 day moving average is $42.01 and its 200-day moving average is $43.65.

Hedge Funds Weigh In On ProShares Short S&P500

A number of hedge funds have recently bought and sold shares of the company. First National Corp MA ADV increased its stake in ProShares Short S&P500 by 266.2% during 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 purchasing an additional 1,136,404 shares during the last quarter. Marlin Sams Capital Management LLC bought a new stake in shares of ProShares Short S&P500 during the 3rd quarter valued at about $15,732,000. EWG Elevate Inc. bought a new stake in shares of ProShares Short S&P500 during the 3rd quarter valued at about $13,825,000. Gunderson Capital Management Inc. bought a new position in ProShares Short S&P500 in the third quarter worth about $11,095,000. Finally, Mirador Capital Partners LP boosted its stake in ProShares Short S&P500 by 52.2% in the third quarter. Mirador Capital Partners LP now owns 1,009,135 shares of the real estate investment trust’s stock valued at $10,949,000 after acquiring an additional 346,068 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.