ProShares Short S&P500 (NYSEARCA:SH – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $11.39 and last traded at $11.40, with a volume of 3007022 shares traded. The stock had previously closed at $11.57.
ProShares Short S&P500 Price Performance
The stock has a 50 day moving average of $11.93 and a 200 day moving average of $12.34.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SH. Pineridge Advisors LLC grew its stake in shares of ProShares Short S&P500 by 5.8% during the first quarter. Pineridge Advisors LLC now owns 1,320,468 shares of the real estate investment trust’s stock worth $15,661,000 after buying an additional 72,543 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in ProShares Short S&P500 during the 1st quarter worth $626,000. Tidal Investments LLC increased its holdings in ProShares Short S&P500 by 16.1% in the 1st quarter. Tidal Investments LLC now owns 293,039 shares of the real estate investment trust’s stock worth $3,475,000 after purchasing an additional 40,694 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in ProShares Short S&P500 in the first quarter valued at about $1,371,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of ProShares Short S&P500 by 44.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,098,010 shares of the real estate investment trust’s stock valued at $13,022,000 after purchasing an additional 339,498 shares in the last quarter.
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.
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