65,674 Shares in ProShares Short S&P 500 $SH Bought by Verity Asset Management Inc.

Verity Asset Management Inc. acquired a new stake in shares of ProShares Short S&P 500 (NYSEARCA:SH) in the third quarter, Holdings Channel reports. The firm acquired 65,674 shares of the real estate investment trust’s stock, valued at approximately $2,128,000.

Other hedge funds have also added to or reduced their stakes in the company. Three Seasons Wealth LLC bought a new stake in ProShares Short S&P 500 in the first quarter worth $20,507,000. Virtue Capital Management LLC increased its holdings in shares of ProShares Short S&P 500 by 537.7% during the third quarter. Virtue Capital Management LLC now owns 385,351 shares of the real estate investment trust’s stock valued at $12,485,000 after acquiring an additional 324,927 shares in the last quarter. First Pacific Financial bought a new position in shares of ProShares Short S&P 500 during the third quarter valued at $10,243,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of ProShares Short S&P 500 during the third quarter valued at $10,123,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of ProShares Short S&P 500 in the 1st quarter worth about $10,853,000.

ProShares Short S&P 500 Stock Down 1.6%

SH opened at $32.41 on Thursday. The stock has a 50-day moving average price of $32.36 and a 200-day moving average price of $34.05. ProShares Short S&P 500 has a 1 year low of $31.64 and a 1 year high of $39.20.

About ProShares Short S&P 500

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.