Short Interest in ProShares Short S&P 500 (NYSEARCA:SH) Decreases By 58.2%

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 644,339 shares, a decrease of 58.2% from the June 15th total of 1,543,232 shares. Based on an average daily trading volume, of 10,149,382 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.4% of the shares of the stock are short sold.

ProShares Short S&P 500 Trading Down 0.4%

Shares of NYSEARCA SH opened at $32.74 on Thursday. The firm has a 50-day simple moving average of $33.30 and a 200-day simple moving average of $35.13. ProShares Short S&P 500 has a 52 week low of $32.70 and a 52 week high of $39.85.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp raised its position in shares of ProShares Short S&P 500 by 51.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 575 shares during the period. CPR Investments Inc. grew its position in ProShares Short S&P 500 by 0.3% in the fourth quarter. CPR Investments Inc. now owns 202,889 shares of the real estate investment trust’s stock worth $7,310,000 after acquiring an additional 648 shares during the period. Discipline Wealth Solutions LLC grew its position in ProShares Short S&P 500 by 4.6% in the first quarter. Discipline Wealth Solutions LLC now owns 15,883 shares of the real estate investment trust’s stock worth $602,000 after acquiring an additional 699 shares during the period. WFA of San Diego LLC acquired a new stake in ProShares Short S&P 500 during the second quarter worth $36,000. Finally, Nvwm LLC acquired a new stake in ProShares Short S&P 500 during the fourth quarter worth $36,000.

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.