ProShares Short S&P 500 (NYSEARCA:SH) Sets New 12-Month Low – Here’s Why

Shares of ProShares Short S&P 500 (NYSEARCA:SH) hit a new 52-week low on Tuesday . The company traded as low as $40.82 and last traded at $40.84, with a volume of 3409082 shares changing hands. The stock had previously closed at $41.23.

ProShares Short S&P 500 Trading Down 1.2%

The firm has a 50-day moving average of $42.96 and a two-hundred day moving average of $42.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in ProShares Short S&P 500 in the fourth quarter valued at $1,118,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Short S&P 500 in the 4th quarter valued at about $78,000. Integrated Advisors Network LLC bought a new stake in ProShares Short S&P 500 in the 1st quarter valued at about $726,000. XTX Topco Ltd acquired a new position in ProShares Short S&P 500 during the 4th quarter worth approximately $477,000. Finally, Ancora Advisors LLC increased its holdings in shares of ProShares Short S&P 500 by 29.6% during the fourth quarter. Ancora Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 1,000 shares in 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.