ProShares Short S&P 500 (NYSEARCA:SH) Sets New 12-Month Low – Time to Sell?

Shares of ProShares Short S&P 500 (NYSEARCA:SH) reached a new 52-week low on Tuesday . The company traded as low as $33.06 and last traded at $33.06, with a volume of 1801249 shares traded. The stock had previously closed at $33.31.

ProShares Short S&P 500 Trading Down 0.5%

The company has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $35.97.

Hedge Funds Weigh In On ProShares Short S&P 500

Large investors have recently added to or reduced their stakes in the company. Stack Financial Management Inc bought a new stake in ProShares Short S&P 500 during the fourth quarter valued at $90,286,000. UBS Group AG boosted its holdings in shares of ProShares Short S&P 500 by 167.7% in the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after buying an additional 1,026,917 shares during the period. Three Seasons Wealth LLC bought a new stake in shares of ProShares Short S&P 500 during the 1st quarter valued at about $20,507,000. Stratos Wealth Advisors LLC acquired a new stake in ProShares Short S&P 500 during the fourth quarter worth about $17,698,000. Finally, Arlington Capital Management Inc. bought a new position in ProShares Short S&P 500 in the third quarter worth about $12,257,000.

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.