ProShares Short S&P500 (NYSEARCA:SH) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of ProShares Short S&P500 (NYSEARCA:SH) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.84 and traded as low as $42.79. ProShares Short S&P500 shares last traded at $42.80, with a volume of 5,774,197 shares changing hands.

ProShares Short S&P500 Stock Down 0.1 %

The stock has a fifty day simple moving average of $42.13 and a two-hundred day simple moving average of $43.84.

Institutional Investors Weigh In On ProShares Short S&P500

Hedge funds have recently modified their holdings of the company. First National Corp MA ADV lifted its holdings in ProShares Short S&P500 by 266.2% during the 3rd 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 buying an additional 1,136,404 shares during the period. Marlin Sams Capital Management LLC acquired a new position in ProShares Short S&P500 during the 3rd quarter worth about $15,732,000. EWG Elevate Inc. acquired a new position in ProShares Short S&P500 during the 3rd quarter worth about $13,825,000. Gunderson Capital Management Inc. acquired a new position in ProShares Short S&P500 during the 3rd quarter worth about $11,095,000. Finally, Mirador Capital Partners LP raised its position 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 acquiring an additional 346,068 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.