ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Up 200.1% in July

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,933,768 shares, a growth of 200.1% from the June 30th total of 644,339 shares. Based on an average daily trading volume, of 6,131,002 shares, the days-to-cover ratio is currently 0.3 days. Currently, 7.3% of the shares of the company are sold short.

ProShares Short S&P 500 Stock Performance

NYSEARCA:SH traded down $0.07 during midday trading on Tuesday, reaching $33.42. The stock had a trading volume of 7,243,108 shares, compared to its average volume of 10,510,303. ProShares Short S&P 500 has a 1-year low of $32.70 and a 1-year high of $39.85. The firm’s fifty day simple moving average is $33.26 and its 200-day simple moving average is $34.99.

Hedge Funds Weigh In On ProShares Short S&P 500

Institutional investors have recently made changes to their positions in the business. Nvwm LLC bought a new stake in ProShares Short S&P 500 during the 4th quarter valued at approximately $36,000. WFA of San Diego LLC bought a new position in ProShares Short S&P 500 in the 2nd quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Short S&P 500 during the fourth quarter worth approximately $55,000. Atlantic Union Bankshares Corp lifted its holdings in shares of ProShares Short S&P 500 by 51.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of ProShares Short S&P 500 during the first quarter worth approximately $67,000.

About ProShares Short S&P 500

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. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.