ProShares Short S&P 500 (NYSEARCA:SH) Sees Large Decrease in Short Interest

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 697,317 shares, a decline of 51.4% from the September 15th total of 1,436,101 shares. Based on an average daily volume of 9,922,362 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.3% of the company’s stock are short sold.

Institutional Trading of ProShares Short S&P 500

Several institutional investors have recently bought and sold shares of SH. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in ProShares Short S&P 500 during the 3rd quarter valued at $10,123,000. Nvwm LLC raised its stake in shares of ProShares Short S&P 500 by 50.0% in the third quarter. Nvwm LLC now owns 3,000 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,000 shares during the last quarter. First Pacific Financial purchased a new position in shares of ProShares Short S&P 500 in the third quarter worth $10,243,000. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Short S&P 500 in the second quarter worth $472,000. Finally, Guardian Wealth Advisors LLC NC lifted its holdings in shares of ProShares Short S&P 500 by 19.4% during the second quarter. Guardian Wealth Advisors LLC NC now owns 233,122 shares of the real estate investment trust’s stock valued at $7,698,000 after purchasing an additional 37,914 shares in the last quarter.

ProShares Short S&P 500 Stock Down 0.2%

NYSEARCA:SH traded down $0.08 during trading hours on Thursday, reaching $32.09. 12,254,840 shares of the company traded hands, compared to its average volume of 9,820,533. ProShares Short S&P 500 has a 1 year low of $31.64 and a 1 year high of $39.20. The business’s 50-day moving average price is $32.30 and its two-hundred day moving average price is $33.39.

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.