ProShares Short S&P500 (NYSEARCA:SH) Trading Up 1.4% – Should You Buy?

ProShares Short S&P500 (NYSEARCA:SH) shares were up 1.4% during trading on Friday . The company traded as high as $41.88 and last traded at $41.84. Approximately 1,585,430 shares traded hands during trading, a decline of 73% from the average daily volume of 5,871,920 shares. The stock had previously closed at $41.25.

ProShares Short S&P500 Stock Performance

The business’s 50 day simple moving average is $42.33 and its 200-day simple moving average is $44.16.

Hedge Funds Weigh In On ProShares Short S&P500

Institutional investors and hedge funds have recently bought and sold shares of the stock. AFG Fiduciary Services Limited Partnership acquired a new stake in ProShares Short S&P500 in the second quarter worth approximately $3,860,000. Laidlaw Wealth Management LLC bought a new position in shares of ProShares Short S&P500 in the second quarter valued at $285,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of ProShares Short S&P500 during the 2nd quarter valued at $114,000. Arcadia Investment Management Corp MI boosted its stake in shares of ProShares Short S&P500 by 2,794.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 86,825 shares of the real estate investment trust’s stock worth $991,000 after acquiring an additional 83,825 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of ProShares Short S&P500 by 30.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 476,514 shares of the real estate investment trust’s stock worth $5,437,000 after acquiring an additional 112,490 shares during the last quarter.

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.