Axxcess Wealth Management LLC Reduces Position in ProShares Short S&P500 (NYSEARCA:SH)

Axxcess Wealth Management LLC trimmed its holdings in shares of ProShares Short S&P500 (NYSEARCA:SH) by 73.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 194,921 shares of the real estate investment trust’s stock after selling 527,148 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares Short S&P500 were worth $8,261,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of ProShares Short S&P500 during the fourth quarter worth about $31,000. Aptus Capital Advisors LLC purchased a new stake in shares of ProShares Short S&P500 during the third quarter worth about $33,000. Larson Financial Group LLC increased its position in shares of ProShares Short S&P500 by 415.8% during the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 4,528 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of ProShares Short S&P500 during the third quarter worth about $111,000. Finally, RW Investment Management LLC bought a new stake in ProShares Short S&P500 in the third quarter valued at about $124,000.

ProShares Short S&P500 Price Performance

Shares of ProShares Short S&P500 stock opened at $44.30 on Tuesday. ProShares Short S&P500 has a fifty-two week low of $40.84 and a fifty-two week high of $50.48. The business has a 50-day moving average price of $42.22 and a 200 day moving average price of $42.76.

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.