ProShares Short S&P 500 (NYSEARCA:SH) Hits New 1-Year Low – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SH)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $35.34 and last traded at $35.4450, with a volume of 1430380 shares. The stock had previously closed at $35.46.

ProShares Short S&P 500 Price Performance

The company’s fifty day moving average price is $36.17 and its 200 day moving average price is $37.23.

Institutional Trading of ProShares Short S&P 500

Several hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its stake in ProShares Short S&P 500 by 49.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 318 shares during the period. Graves Light Lenhart Wealth Inc. boosted its stake in shares of ProShares Short S&P 500 by 2.2% during the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 17,658 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 376 shares during the period. Alpha Advisors LLC VA grew its holdings in shares of ProShares Short S&P 500 by 7.7% during the 3rd quarter. Alpha Advisors LLC VA now owns 5,633 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 403 shares in the last quarter. CPR Investments Inc. increased its stake in shares of ProShares Short S&P 500 by 0.3% in the fourth quarter. CPR Investments Inc. now owns 202,889 shares of the real estate investment trust’s stock worth $7,310,000 after acquiring an additional 648 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of ProShares Short S&P 500 by 17.6% during the second quarter. PNC Financial Services Group Inc. now owns 5,309 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 794 shares in the last quarter.

ProShares Short S&P 500 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. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.