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

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 431,120 shares, a decrease of 45.2% from the April 15th total of 787,229 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 10,826,502 shares, the short-interest ratio is currently 0.0 days.

ProShares Short S&P 500 Trading Up 0.1%

NYSEARCA SH traded up $0.05 during trading hours on Monday, reaching $33.61. 13,427,840 shares of the company traded hands, compared to its average volume of 11,249,923. ProShares Short S&P 500 has a 12 month low of $33.08 and a 12 month high of $42.89. The company has a 50 day moving average of $35.98 and a two-hundred day moving average of $36.12.

Hedge Funds Weigh In On ProShares Short S&P 500

Several large investors have recently modified their holdings of 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 valued at $293,000 after buying an additional 5,314 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in ProShares Short S&P 500 by 503.7% during the 2nd quarter. NewEdge Advisors LLC now owns 6,562 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 5,475 shares during the last quarter. Quantinno Capital Management LP bought a new position in ProShares Short S&P 500 during the 2nd quarter worth approximately $595,000. Raymond James Financial Inc. bought a new position in ProShares Short S&P 500 during the 2nd quarter worth approximately $77,000. Finally, WFA of San Diego LLC bought a new position in ProShares Short S&P 500 during the 2nd quarter worth approximately $36,000.

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.