Sicart Associates LLC acquired a new position in ProShares Short S&P500 (NYSEARCA:SH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 105,835 shares of the real estate investment trust’s stock, valued at approximately $3,545,000. ProShares Short S&P500 comprises approximately 2.6% of Sicart Associates LLC’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds also recently bought and sold shares of SH. Bank of New York Mellon Corp increased its stake in ProShares Short S&P500 by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 12,940 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 756 shares during the period. Lesa Sroufe & Co increased its stake in ProShares Short S&P500 by 1.2% in the second quarter. Lesa Sroufe & Co now owns 142,252 shares of the real estate investment trust’s stock worth $4,765,000 after buying an additional 1,715 shares during the period. Peak Asset Management LLC increased its stake in ProShares Short S&P500 by 30.0% in the second quarter. Peak Asset Management LLC now owns 7,578 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,751 shares during the period. Sei Investments Co. increased its stake in ProShares Short S&P500 by 213.3% in the second quarter. Sei Investments Co. now owns 3,327 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 2,265 shares during the period. Finally, SeaBridge Investment Advisors LLC increased its stake in ProShares Short S&P500 by 164.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 5,880 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 3,656 shares during the period.

ProShares Short S&P500 (SH) opened at 33.41 on Monday. The firm’s 50-day moving average is $33.04 and its 200-day moving average is $33.97. ProShares Short S&P500 has a 12 month low of $32.58 and a 12 month high of $39.50.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/21/sicart-associates-llc-acquires-shares-of-105835-proshares-short-sp500-sh.html.

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.

Institutional Ownership by Quarter for ProShares Short S&P500 (NYSEARCA:SH)

Receive News & Stock Ratings for ProShares Short S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short S&P500 and related stocks with our FREE daily email newsletter.