ProShares Short S&P 500 $SH Stock Holdings Lifted by Sterling Investment Management LLC

Sterling Investment Management LLC boosted its stake in ProShares Short S&P 500 (NYSEARCA:SH) by 15.1% in the third quarter, Holdings Channel reports. The firm owned 265,553 shares of the real estate investment trust’s stock after purchasing an additional 34,846 shares during the quarter. ProShares Short S&P 500 accounts for about 4.1% of Sterling Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Sterling Investment Management LLC’s holdings in ProShares Short S&P 500 were worth $8,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in ProShares Short S&P 500 during the first quarter worth about $67,000. Nvwm LLC grew its stake in ProShares Short S&P 500 by 50.0% during the third quarter. Nvwm LLC now owns 3,000 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 1,000 shares in the last quarter. Ramsey Quantitative Systems bought a new position in ProShares Short S&P 500 in the 2nd quarter valued at about $158,000. EverSource Wealth Advisors LLC increased its holdings in ProShares Short S&P 500 by 3,040.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,401 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 5,229 shares during the period. Finally, Modern Wealth Management LLC bought a new position in ProShares Short S&P 500 in the 1st quarter valued at about $211,000.

ProShares Short S&P 500 Stock Performance

Shares of NYSEARCA:SH opened at $32.47 on Friday. The firm has a 50 day moving average of $32.30 and a 200-day moving average of $33.38. ProShares Short S&P 500 has a 12 month low of $31.64 and a 12 month high of $39.20.

ProShares Short S&P 500 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.