ProShares Short S&P 500 (NYSEARCA:SH) Sees Significant Decline in Short Interest

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 940,222 shares, a decline of 32.6% from the January 15th total of 1,395,343 shares. Based on an average daily trading volume, of 6,954,938 shares, the short-interest ratio is currently 0.1 days. Approximately 3.2% of the shares of the company are sold short. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,954,938 shares, the short-interest ratio is currently 0.1 days.

ProShares Short S&P 500 Trading Down 0.0%

ProShares Short S&P 500 stock traded down $0.01 during midday trading on Friday, hitting $36.27. The stock had a trading volume of 13,505,055 shares, compared to its average volume of 7,628,615. ProShares Short S&P 500 has a 52-week low of $35.34 and a 52-week high of $51.37. The firm’s fifty day moving average is $35.92 and its two-hundred day moving average is $36.95.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Stack Financial Management Inc bought a new stake in ProShares Short S&P 500 during the fourth quarter valued at about $90,286,000. UBS Group AG boosted its stake in shares of ProShares Short S&P 500 by 167.7% in the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after acquiring an additional 1,026,917 shares during the period. Stratos Wealth Advisors LLC purchased a new stake in shares of ProShares Short S&P 500 during the fourth quarter worth about $17,698,000. Rothschild Capital Partners LLC raised its stake in ProShares Short S&P 500 by 79.1% during the 2nd quarter. Rothschild Capital Partners LLC now owns 437,736 shares of the real estate investment trust’s stock valued at $17,369,000 after purchasing an additional 193,374 shares during the period. Finally, Focus Partners Wealth lifted its holdings in ProShares Short S&P 500 by 0.6% in the 3rd quarter. Focus Partners Wealth now owns 394,602 shares of the real estate investment trust’s stock worth $14,585,000 after purchasing an additional 2,260 shares in the last quarter.

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.