ProShares Short S&P 500 (NYSEARCA:SH) Reaches New 1-Year Low – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SH) shares hit a new 52-week low on Wednesday . The stock traded as low as $35.34 and last traded at $35.4450, with a volume of 1430380 shares trading hands. The stock had previously closed at $35.46.

ProShares Short S&P 500 Trading Up 0.4%

The stock has a fifty day moving average price of $36.08 and a 200-day moving average price of $37.20.

Institutional Investors Weigh In On ProShares Short S&P 500

A number of institutional investors have recently made changes to their positions in the company. UBS Group AG grew its position in shares of ProShares Short S&P 500 by 167.7% during the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after buying an additional 1,026,917 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of ProShares Short S&P 500 during the 4th quarter valued at about $17,698,000. Rothschild Capital Partners LLC grew its holdings in shares of ProShares Short S&P 500 by 79.1% in the 2nd quarter. Rothschild Capital Partners LLC now owns 437,736 shares of the real estate investment trust’s stock worth $17,369,000 after acquiring an additional 193,374 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of ProShares Short S&P 500 by 0.6% during the third quarter. Focus Partners Wealth now owns 394,602 shares of the real estate investment trust’s stock valued at $14,585,000 after acquiring an additional 2,260 shares during the period. Finally, Arlington Capital Management Inc. purchased a new stake in ProShares Short S&P 500 in the 3rd quarter worth about $12,257,000.

ProShares Short S&P 500 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. 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.