ProShares Short S&P500 (NYSEARCA:SH) Stock Price Up 3.1% – Time to Buy?

ProShares Short S&P500 (NYSEARCA:SH)’s stock price shot up 3.1% on Friday . The stock traded as high as $47.88 and last traded at $47.70. 2,385,843 shares were traded during trading, a decline of 61% from the average session volume of 6,144,898 shares. The stock had previously closed at $46.25.

ProShares Short S&P500 Stock Up 5.0 %

The business’s 50 day moving average price is $42.84 and its 200-day moving average price is $42.70.

ProShares Short S&P500 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.3115 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On ProShares Short S&P500

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SH. U.S. Capital Wealth Advisors LLC bought a new position in shares of ProShares Short S&P500 in the fourth quarter valued at about $2,423,000. Wakefield Asset Management LLLP grew its position in shares of ProShares Short S&P500 by 63.8% during the 4th quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after buying an additional 81,033 shares during the period. One Plus One Wealth Management LLC raised its stake in shares of ProShares Short S&P500 by 5.4% during the fourth quarter. One Plus One Wealth Management LLC now owns 105,547 shares of the real estate investment trust’s stock worth $4,473,000 after buying an additional 5,366 shares during the last quarter. Ridgecrest Wealth Partners LLC acquired a new position in ProShares Short S&P500 in the fourth quarter valued at approximately $229,000. Finally, Stableford Capital II LLC bought a new position in ProShares Short S&P500 in the fourth quarter valued at approximately $3,112,000.

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.