Axiom Investment Management LLC Purchases New Shares in ProShares Short S&P 500 $SH

Axiom Investment Management LLC acquired a new position in shares of ProShares Short S&P 500 (NYSEARCA:SH) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 188,600 shares of the real estate investment trust’s stock, valued at approximately $7,154,000. ProShares Short S&P 500 makes up approximately 5.4% of Axiom Investment Management LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of SH. WFA of San Diego LLC acquired a new stake in ProShares Short S&P 500 during the 2nd quarter worth about $36,000. Nvwm LLC purchased a new position in shares of ProShares Short S&P 500 in the fourth quarter valued at $36,000. Northwestern Mutual Wealth Management Co. bought a new position in ProShares Short S&P 500 in the 4th quarter worth about $55,000. Atlantic Union Bankshares Corp lifted its position in ProShares Short S&P 500 by 51.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of ProShares Short S&P 500 in the first quarter worth approximately $67,000.

ProShares Short S&P 500 Price Performance

Shares of ProShares Short S&P 500 stock opened at $33.16 on Friday. ProShares Short S&P 500 has a 12 month low of $32.70 and a 12 month high of $39.85. The business has a fifty day simple moving average of $33.26 and a two-hundred day simple moving average of $34.94.

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.