ProShares Short S&P 500 (NYSEARCA:SH) Sees Large Growth in Short Interest

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

Institutional Trading of ProShares Short S&P 500

Several large investors have recently bought and sold shares of SH. WFA of San Diego LLC purchased a new position in ProShares Short S&P 500 in the 2nd quarter valued at about $36,000. Nvwm LLC acquired a new stake in shares of ProShares Short S&P 500 during the fourth quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Short S&P 500 in the fourth quarter valued at $55,000. Atlantic Union Bankshares Corp increased its position in shares of ProShares Short S&P 500 by 51.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of ProShares Short S&P 500 in the 1st quarter valued at about $67,000.

ProShares Short S&P 500 Price Performance

NYSEARCA:SH remained flat at $33.50 on Monday. The company’s stock had a trading volume of 2,997,838 shares, compared to its average volume of 10,508,311. ProShares Short S&P 500 has a 12 month low of $32.70 and a 12 month high of $39.85. The business has a fifty day moving average of $33.26 and a two-hundred day moving average of $35.01.

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.