ProShares Short S&P500 (NYSEARCA:SH) Sets New 12-Month Low – Here’s Why

ProShares Short S&P500 (NYSEARCA:SH) shares reached a new 52-week low on Wednesday . The stock traded as low as $10.81 and last traded at $10.81, with a volume of 7048502 shares trading hands. The stock had previously closed at $10.87.

ProShares Short S&P500 Stock Down 0.5 %

The business’s fifty day simple moving average is $11.29 and its 200-day simple moving average is $11.62.

Institutional Trading of ProShares Short S&P500

Large investors have recently added to or reduced their stakes in the company. Gunderson Capital Management Inc. bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter worth about $11,095,000. First National Corp MA ADV increased its stake in ProShares Short S&P500 by 266.2% during the third quarter. First National Corp MA ADV now owns 1,563,361 shares of the real estate investment trust’s stock worth $16,962,000 after acquiring an additional 1,136,404 shares during the last quarter. Brookstone Capital Management purchased a new stake in ProShares Short S&P500 during the third quarter valued at approximately $145,000. EWG Elevate Inc. bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter valued at approximately $13,825,000. Finally, Mirador Capital Partners LP boosted its holdings in shares of ProShares Short S&P500 by 52.2% in the 3rd quarter. Mirador Capital Partners LP now owns 1,009,135 shares of the real estate investment trust’s stock worth $10,949,000 after purchasing an additional 346,068 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.