Archer Investment Corp Invests $198,000 in ProShares Short S&P500 (NYSEARCA:SH)

Archer Investment Corp purchased a new position in ProShares Short S&P500 (NYSEARCA:SH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,243 shares of the real estate investment trust’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Group Inc. boosted its position in shares of ProShares Short S&P500 by 0.7% in the 3rd quarter. Compass Financial Group Inc. now owns 398,160 shares of the real estate investment trust’s stock worth $5,761,000 after purchasing an additional 2,791 shares during the last quarter. First National Corp MA ADV raised its stake in ProShares Short S&P500 by 46.7% during the 4th quarter. First National Corp MA ADV now owns 283,779 shares of the real estate investment trust’s stock worth $3,686,000 after buying an additional 90,383 shares during the period. Envestnet Asset Management Inc. raised its stake in ProShares Short S&P500 by 450.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 812,969 shares of the real estate investment trust’s stock worth $11,764,000 after buying an additional 665,370 shares during the period. Quadrature Capital Ltd acquired a new stake in ProShares Short S&P500 during the 3rd quarter worth $386,000. Finally, Sterling Investment Management LLC acquired a new stake in ProShares Short S&P500 during the 4th quarter worth $6,225,000.

ProShares Short S&P500 Price Performance

SH opened at $12.44 on Thursday. The business’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $13.14. ProShares Short S&P500 has a 1 year low of $11.81 and a 1 year high of $15.29.

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.