ProShares Short S&P500 (NYSEARCA:SH) Hits New 12-Month High – Here’s Why

ProShares Short S&P500 (NYSEARCA:SH) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.37 and last traded at $51.23, with a volume of 3225585 shares trading hands. The stock had previously closed at $49.05.

ProShares Short S&P500 Price Performance

The firm’s 50-day moving average price is $43.00 and its 200-day moving average price is $42.70.

ProShares Short S&P500 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.3115 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SH. Captrust Financial Advisors grew its position in shares of ProShares Short S&P500 by 5.8% during the 3rd quarter. Captrust Financial Advisors now owns 16,288 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 889 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Short S&P500 during the third quarter worth about $1,710,000. M&T Bank Corp purchased a new position in ProShares Short S&P500 in the 3rd quarter worth approximately $233,000. Arete Wealth Advisors LLC purchased a new stake in ProShares Short S&P500 during the third quarter valued at about $10,007,000. Finally, Virtue Capital Management LLC lifted its stake in ProShares Short S&P500 by 172.6% during the third quarter. Virtue Capital Management LLC now owns 113,206 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 71,672 shares during the last quarter.

ProShares Short S&P500 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.