ProShares Short S&P500 (NYSEARCA:SH) Reaches New 1-Year High – Should You Buy?

ProShares Short S&P500 (NYSEARCA:SH)’s share price hit a new 52-week high on Monday . The stock traded as high as $51.37 and last traded at $51.23, with a volume of 3225585 shares. The stock had previously closed at $49.05.

ProShares Short S&P500 Stock Up 1.4 %

The stock has a 50 day moving average of $43.00 and a 200 day moving average of $42.70.

ProShares Short S&P500 Cuts Dividend

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

Hedge Funds Weigh In On ProShares Short S&P500

Several large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in shares of ProShares Short S&P500 by 5.8% during the 3rd quarter. Captrust Financial Advisors now owns 16,288 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 889 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in ProShares Short S&P500 in the third quarter worth $1,710,000. M&T Bank Corp bought a new stake in shares of ProShares Short S&P500 in the third quarter valued at $233,000. Arete Wealth Advisors LLC purchased a new position in shares of ProShares Short S&P500 during the 3rd quarter valued at $10,007,000. Finally, Virtue Capital Management LLC grew its stake in shares of 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 acquiring 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.