Short Interest in ProShares Short S&P 500 (NYSEARCA:SH) Drops By 51.0%

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 948,102 shares, a decrease of 51.0% from the July 15th total of 1,933,768 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily volume of 8,129,784 shares, the short-interest ratio is presently 0.1 days.

ProShares Short S&P 500 Price Performance

Shares of NYSEARCA:SH traded up $0.08 during midday trading on Friday, hitting $31.98. The company had a trading volume of 4,121,520 shares, compared to its average volume of 10,282,527. ProShares Short S&P 500 has a twelve month low of $31.83 and a twelve month high of $39.20. The business’s 50-day simple moving average is $33.08 and its 200-day simple moving average is $34.69.

Institutional Trading of ProShares Short S&P 500

A number of hedge funds and other institutional investors have recently modified their holdings of SH. Ramsey Quantitative Systems acquired a new position in shares of ProShares Short S&P 500 during the 2nd quarter valued at about $158,000. AFG Fiduciary Services Limited Partnership increased its position in ProShares Short S&P 500 by 145.1% during the second quarter. AFG Fiduciary Services Limited Partnership now owns 92,223 shares of the real estate investment trust’s stock worth $3,054,000 after purchasing an additional 54,595 shares during the last quarter. Axiom Investment Management LLC purchased a new position in ProShares Short S&P 500 during the first quarter worth about $7,154,000. Bank of America Corp DE boosted its holdings in ProShares Short S&P 500 by 5,420.0% in 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 purchasing an additional 6,775 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of ProShares Short S&P 500 in the 1st quarter valued at approximately $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.