ProShares Short S&P500 (NYSEARCA:SH) Stock Price Up 3.1% – Should You Buy?

ProShares Short S&P500 (NYSEARCA:SH)’s share price were up 3.1% during trading on Friday . The company traded as high as $47.88 and last traded at $47.70. Approximately 2,385,843 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 6,144,898 shares. The stock had previously closed at $46.25.

ProShares Short S&P500 Stock Up 6.1 %

The firm has a fifty day simple moving average of $43.00 and a two-hundred day simple moving average of $42.72.

ProShares Short S&P500 Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.3115 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On ProShares Short S&P500

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SH. Arete Wealth Advisors LLC purchased a new position in ProShares Short S&P500 during the 3rd quarter worth approximately $10,007,000. Wakefield Asset Management LLLP increased its stake in shares of ProShares Short S&P500 by 63.8% in the fourth quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after acquiring an additional 81,033 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of ProShares Short S&P500 during the fourth quarter worth $8,319,000. Integrated Wealth Concepts LLC acquired a new position in ProShares Short S&P500 during the third quarter valued at $1,710,000. Finally, Virtue Capital Management LLC grew its position in ProShares Short S&P500 by 172.6% during the 3rd quarter. Virtue Capital Management LLC now owns 113,206 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 71,672 shares during the period.

About ProShares Short S&P500

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.