ProShares Short S&P500 (NYSEARCA:SH) Sets New 12-Month Low – Here’s What Happened

ProShares Short S&P500 (NYSEARCA:SH) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.81 and last traded at $10.81, with a volume of 7048502 shares traded. The stock had previously closed at $10.87.

ProShares Short S&P500 Price Performance

The firm has a 50-day moving average price of $11.26 and a 200-day moving average price of $11.61.

Hedge Funds Weigh In On ProShares Short S&P500

Several large investors have recently modified their holdings of SH. Freedom Investment Management Inc. raised its position in shares of ProShares Short S&P500 by 27.9% in the 4th quarter. Freedom Investment Management Inc. now owns 181,401 shares of the real estate investment trust’s stock worth $2,356,000 after purchasing an additional 39,596 shares during the last quarter. Integrated Advisors Network LLC raised its position in ProShares Short S&P500 by 1,390.8% in the 4th quarter. Integrated Advisors Network LLC now owns 259,733 shares of the real estate investment trust’s stock worth $3,374,000 after buying an additional 242,311 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in ProShares Short S&P500 in the 4th quarter worth about $40,000. BlueChip Wealth Advisors LLC purchased a new position in ProShares Short S&P500 in the 4th quarter worth about $1,645,000. Finally, Thomasville National Bank purchased a new position in ProShares Short S&P500 in the 1st quarter worth about $132,000.

About ProShares Short S&P500

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.