ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 317,788 shares, a drop of 61.6% from the February 12th total of 828,045 shares. Based on an average trading volume of 8,285,340 shares, the short-interest ratio is currently 0.0 days. Approximately 1.1% of the shares of the stock are short sold. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 8,285,340 shares, the short-interest ratio is currently 0.0 days.

ProShares Short S&P 500 Stock Performance

Shares of SH opened at $36.63 on Wednesday. ProShares Short S&P 500 has a fifty-two week low of $35.34 and a fifty-two week high of $51.37. The firm has a 50 day moving average price of $35.92 and a 200-day moving average price of $36.62.

Institutional Trading of ProShares Short S&P 500

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. purchased a new position in shares of ProShares Short S&P 500 in the second quarter worth about $1,242,000. Bank of Montreal Can boosted its holdings in ProShares Short S&P 500 by 1,232.6% during the 2nd quarter. Bank of Montreal Can now owns 8,049 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 7,445 shares during the period. Allworth Financial LP grew its position in ProShares Short S&P 500 by 384.4% during the 2nd quarter. Allworth Financial LP now owns 1,773 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,407 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in ProShares Short S&P 500 by 49.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 318 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in ProShares Short S&P 500 by 17.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,309 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 794 shares during the period.

About ProShares Short S&P 500

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.