ProShares Short S&P500 (NYSEARCA:SH) Shares Gap Up – What’s Next?

ProShares Short S&P500 (NYSEARCA:SH)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $45.27, but opened at $46.18. ProShares Short S&P500 shares last traded at $46.49, with a volume of 3,717,657 shares trading hands.

ProShares Short S&P500 Stock Performance

The stock’s 50-day simple moving average is $43.85 and its two-hundred day simple moving average is $42.89.

ProShares Short S&P500 Cuts Dividend

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

Institutional Trading of ProShares Short S&P500

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in shares of ProShares Short S&P500 in the fourth quarter valued at approximately $31,000. Captrust Financial Advisors raised its position in 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 valued at $177,000 after purchasing an additional 889 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of ProShares Short S&P500 by 29.6% in the 4th quarter. Ancora Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,000 shares during the period. JPMorgan Chase & Co. bought a new position in shares of ProShares Short S&P500 during the 4th quarter worth $78,000. Finally, Intellectus Partners LLC purchased a new position in shares of ProShares Short S&P500 during the first quarter valued at $222,000.

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.