Renaissance Technologies LLC Takes Position in ProShares Short S&P 500 $SH

Renaissance Technologies LLC purchased a new stake in ProShares Short S&P 500 (NYSEARCA:SH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,400 shares of the real estate investment trust’s stock, valued at approximately $1,001,000. Renaissance Technologies LLC owned approximately 0.08% of ProShares Short S&P 500 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SH. JPMorgan Chase & Co. increased its holdings in ProShares Short S&P 500 by 255.5% during the second quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 5,314 shares during the period. NewEdge Advisors LLC lifted its holdings in ProShares Short S&P 500 by 503.7% during the second quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 5,475 shares during the period. Quantinno Capital Management LP purchased a new position in shares of ProShares Short S&P 500 in the 2nd quarter valued at $595,000. Raymond James Financial Inc. bought a new position in shares of ProShares Short S&P 500 in the 2nd quarter worth $77,000. Finally, WFA of San Diego LLC bought a new position in shares of ProShares Short S&P 500 in the 2nd quarter worth $36,000.

ProShares Short S&P 500 Stock Performance

Shares of NYSEARCA SH opened at $31.98 on Friday. ProShares Short S&P 500 has a 1-year low of $31.83 and a 1-year high of $39.20. The business has a fifty day moving average price of $33.08 and a 200 day moving average price of $34.69.

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.