ProShares Short S&P500 (NYSEARCA:SH – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.84 and traded as low as $42.79. ProShares Short S&P500 shares last traded at $42.80, with a volume of 5,774,197 shares.
ProShares Short S&P500 Price Performance
The stock’s 50-day moving average price is $42.09 and its 200 day moving average price is $43.81.
Institutional Investors Weigh In On ProShares Short S&P500
A number of hedge funds have recently modified their holdings of SH. Envestnet Asset Management Inc. increased its stake in ProShares Short S&P500 by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 295,208 shares of the real estate investment trust’s stock worth $3,368,000 after acquiring an additional 21,540 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of ProShares Short S&P500 by 18.8% in the second quarter. Axxcess Wealth Management LLC now owns 608,611 shares of the real estate investment trust’s stock valued at $6,944,000 after buying an additional 96,504 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of ProShares Short S&P500 in the 2nd quarter valued at $233,000. Mirador Capital Partners LP lifted its stake in ProShares Short S&P500 by 52.2% during the 3rd quarter. Mirador Capital Partners LP now owns 1,009,135 shares of the real estate investment trust’s stock worth $10,949,000 after acquiring an additional 346,068 shares in the last quarter. Finally, EWG Elevate Inc. purchased a new position in ProShares Short S&P500 during the 3rd quarter valued at about $13,825,000.
ProShares Short S&P500 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.
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