ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Up 28.7% in March

ProShares Short S&P 500 (NYSEARCA:SHGet Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,029,430 shares, a growth of 28.7% from the March 15th total of 799,700 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 15,393,023 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Short S&P 500 Stock Performance

NYSEARCA:SH opened at $35.29 on Thursday. The stock’s 50 day moving average price is $36.75 and its 200 day moving average price is $36.51. ProShares Short S&P 500 has a 52 week low of $35.27 and a 52 week high of $48.32.

ProShares Short S&P 500 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a $0.1789 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.72 dividend on an annualized basis and a yield of 2.0%.

Hedge Funds Weigh In On ProShares Short S&P 500

A number of hedge funds have recently added to or reduced their stakes in SH. JPMorgan Chase & Co. increased its holdings in ProShares Short S&P 500 by 255.5% in the second quarter. JPMorgan Chase & Co. now owns 7,394 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 5,314 shares during the last quarter. NewEdge Advisors LLC grew its holdings in ProShares Short S&P 500 by 503.7% during the second quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 5,475 shares during the last quarter. Quantinno Capital Management LP acquired a new position in ProShares Short S&P 500 during the second quarter valued at approximately $595,000. Raymond James Financial Inc. bought a new stake in shares of ProShares Short S&P 500 in the second quarter valued at approximately $77,000. Finally, WFA of San Diego LLC bought a new stake in shares of ProShares Short S&P 500 in the second quarter valued at approximately $36,000.

ProShares Short S&P 500 Company Profile

(Get Free Report)

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.

Further Reading

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