Sumitomo Mitsui Financial Group Inc. Sells 36,000 Shares of ProShares Short S&P500 (NYSEARCA:SH)

Sumitomo Mitsui Financial Group Inc. cut its holdings in shares of ProShares Short S&P500 (NYSEARCA:SH) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the real estate investment trust’s stock after selling 36,000 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in ProShares Short S&P500 were worth $509,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SH. Arete Wealth Advisors LLC purchased a new stake in ProShares Short S&P500 during the 3rd quarter valued at $10,007,000. Stratos Wealth Advisors LLC bought a new stake in shares of ProShares Short S&P500 in the fourth quarter worth $8,319,000. Integrated Wealth Concepts LLC purchased a new stake in ProShares Short S&P500 during the third quarter valued at $1,710,000. Wakefield Asset Management LLLP lifted its holdings in ProShares Short S&P500 by 63.8% in the fourth quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock valued at $8,817,000 after acquiring an additional 81,033 shares during the period. Finally, Stableford Capital II LLC purchased a new position in ProShares Short S&P500 in the fourth quarter worth about $3,112,000.

ProShares Short S&P500 Stock Performance

ProShares Short S&P500 stock opened at $49.05 on Monday. ProShares Short S&P500 has a 52-week low of $40.84 and a 52-week high of $51.24. The business has a 50-day simple moving average of $43.00 and a two-hundred day simple moving average of $42.70.

ProShares Short S&P500 Cuts Dividend

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

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.