ProShares Short S&P 500 (NYSEARCA:SH) Hits New 12-Month Low – Should You Sell?

ProShares Short S&P 500 (NYSEARCA:SH)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $33.96 and last traded at $33.9550, with a volume of 1905808 shares traded. The stock had previously closed at $34.22.

ProShares Short S&P 500 Stock Down 1.4%

The business’s 50 day moving average is $36.45 and its 200-day moving average is $36.32.

Institutional Trading of ProShares Short S&P 500

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stack Financial Management Inc bought a new stake in ProShares Short S&P 500 during the fourth quarter valued at $90,286,000. UBS Group AG increased its stake in ProShares Short S&P 500 by 167.7% during the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock valued at $60,590,000 after purchasing an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC bought a new stake in ProShares Short S&P 500 during the first quarter valued at $20,507,000. Stratos Wealth Advisors LLC bought a new stake in ProShares Short S&P 500 during the fourth quarter valued at $17,698,000. Finally, Focus Partners Wealth increased its stake in ProShares Short S&P 500 by 3.2% during the fourth quarter. Focus Partners Wealth now owns 407,260 shares of the real estate investment trust’s stock valued at $14,674,000 after purchasing an additional 12,658 shares during the last quarter.

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.