Short Interest in ProShares Short S&P 500 (NYSEARCA:SH) Expands By 151.6%

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 799,700 shares, an increase of 151.6% from the February 26th total of 317,788 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 22,680,299 shares, the short-interest ratio is presently 0.0 days.

ProShares Short S&P 500 Price Performance

Shares of NYSEARCA:SH traded up $0.67 during mid-day trading on Thursday, reaching $38.22. The stock had a trading volume of 13,752,883 shares, compared to its average volume of 11,463,815. ProShares Short S&P 500 has a 1 year low of $35.34 and a 1 year high of $51.37. The business’s 50 day moving average price is $36.36 and its 200 day moving average price is $36.57.

ProShares Short S&P 500 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.1789 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.72 dividend on an annualized basis and a yield of 1.9%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Stack Financial Management Inc purchased a new position in shares of ProShares Short S&P 500 in the fourth quarter valued at $90,286,000. UBS Group AG raised its stake in ProShares Short S&P 500 by 167.7% during the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after purchasing an additional 1,026,917 shares in the last quarter. Stratos Wealth Advisors LLC bought a new position in ProShares Short S&P 500 during the fourth quarter valued at $17,698,000. Arlington Capital Management Inc. purchased a new position in shares of ProShares Short S&P 500 in the 3rd quarter worth $12,257,000. Finally, Mirador Capital Partners LP purchased a new position in shares of ProShares Short S&P 500 in the 3rd quarter worth $9,286,000.

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.