AXS Investments LLC Decreases Stock Holdings in ProShares Short S&P 500 $SH

AXS Investments LLC reduced its stake in shares of ProShares Short S&P 500 (NYSEARCA:SH) by 32.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 37,000 shares of the real estate investment trust’s stock after selling 18,000 shares during the quarter. AXS Investments LLC’s holdings in ProShares Short S&P 500 were worth $1,403,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SH. Nvwm LLC acquired a new stake in shares of ProShares Short S&P 500 during the 4th quarter valued at approximately $36,000. WFA of San Diego LLC acquired a new stake in shares of ProShares Short S&P 500 in the 2nd quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ProShares Short S&P 500 in the 4th quarter worth approximately $55,000. Atlantic Union Bankshares Corp increased its stake 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 valued at $61,000 after purchasing an additional 575 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in ProShares Short S&P 500 in the 1st quarter valued at approximately $67,000.

ProShares Short S&P 500 Stock Up 0.5%

Shares of SH stock opened at $32.92 on Friday. The stock has a fifty day moving average price of $33.28 and a 200 day moving average price of $35.11. ProShares Short S&P 500 has a 1 year low of $32.70 and a 1 year high of $39.85.

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.