ProShares Short S&P500 (NYSEARCA:SH) Shares Up 3.4% – What’s Next?

ProShares Short S&P500 (NYSEARCA:SH)’s stock price were up 3.4% during trading on Monday . The company traded as high as $44.91 and last traded at $45.06. Approximately 10,711,432 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 5,904,789 shares. The stock had previously closed at $43.60.

ProShares Short S&P500 Stock Performance

The firm has a 50 day moving average of $41.90 and a two-hundred day moving average of $42.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of ProShares Short S&P500 during the fourth quarter valued at $31,000. Aptus Capital Advisors LLC bought a new position in ProShares Short S&P500 during the 3rd quarter valued at about $33,000. Larson Financial Group LLC boosted its position in ProShares Short S&P500 by 415.8% in the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 4,528 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in ProShares Short S&P500 during the fourth quarter worth about $78,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of ProShares Short S&P500 during the third quarter worth approximately $111,000.

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.