ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update

ProShares Short S&P 500 (NYSEARCA:SHGet Free Report) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 799,700 shares, an increase of 151.6% from the February 26th total of 317,788 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average daily volume of 22,680,299 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 22,680,299 shares, the short-interest ratio is presently 0.0 days. Approximately 2.7% of the company’s stock are sold short.

ProShares Short S&P 500 Stock Down 1.0%

Shares of SH stock traded down $0.37 during mid-day trading on Wednesday, hitting $37.55. The company’s stock had a trading volume of 13,538,333 shares, compared to its average volume of 11,423,507. ProShares Short S&P 500 has a 52-week low of $35.34 and a 52-week high of $51.37. The business has a 50-day moving average price of $36.27 and a 200 day moving average price of $36.55.

ProShares Short S&P 500 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $0.1789 dividend. This represents a $0.72 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, March 25th.

Hedge Funds Weigh In On ProShares Short S&P 500

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballew Advisors Inc bought a new position in shares of ProShares Short S&P 500 during the 3rd quarter valued at $1,121,000. Client First Investment Management LLC purchased a new position in ProShares Short S&P 500 in the third quarter worth about $1,827,000. Boothbay Fund Management LLC bought a new stake in shares of ProShares Short S&P 500 during the 3rd quarter valued at about $6,125,000. One Plus One Wealth Management LLC increased its position in shares of ProShares Short S&P 500 by 126.0% during the 3rd quarter. One Plus One Wealth Management LLC now owns 180,740 shares of the real estate investment trust’s stock valued at $6,680,000 after purchasing an additional 100,758 shares during the last quarter. Finally, Wealth Quarterback LLC bought a new position in shares of ProShares Short S&P 500 in the 3rd quarter worth approximately $7,886,000.

About ProShares Short S&P 500

(Get Free Report)

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.

Further Reading

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