ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $32.66 and last traded at $32.6950, with a volume of 5159518 shares. The stock had previously closed at $33.16.
ProShares Short S&P 500 Stock Down 1.4%
The business’s fifty day moving average price is $33.26 and its two-hundred day moving average price is $34.93.
Institutional Investors Weigh In On ProShares Short S&P 500
Several large investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems bought a new stake in ProShares Short S&P 500 in the second quarter worth $158,000. AFG Fiduciary Services Limited Partnership lifted its stake in shares of ProShares Short S&P 500 by 145.1% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 92,223 shares of the real estate investment trust’s stock worth $3,054,000 after acquiring an additional 54,595 shares during the last quarter. Axiom Investment Management LLC bought a new stake in shares of ProShares Short S&P 500 during the 1st quarter worth approximately $7,154,000. Bank of America Corp DE boosted its holdings in ProShares Short S&P 500 by 5,420.0% during the 1st quarter. Bank of America Corp DE now owns 6,900 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 6,775 shares during the period. Finally, Arkadios Wealth Advisors purchased a new position in ProShares Short S&P 500 during the 1st quarter valued at $10,769,000.
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.
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