ProShares Large Cap Core Plus (BATS:CSM) Shares Down 1.2% – Here’s Why

ProShares Large Cap Core Plus (BATS:CSM)’s stock price dropped 1.2% during trading on Wednesday . The company traded as low as $76.29 and last traded at $76.29. Approximately 3,725 shares changed hands during trading, a decline of 61% from the average daily volume of 9,452 shares. The stock had previously closed at $77.21.

ProShares Large Cap Core Plus Price Performance

The firm has a market capitalization of $482.92 million, a PE ratio of 20.56 and a beta of 1.02. The company has a 50-day moving average price of $79.02 and a 200 day moving average price of $78.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CSM. CreativeOne Wealth LLC purchased a new stake in ProShares Large Cap Core Plus during the 4th quarter valued at approximately $1,196,000. Stifel Financial Corp lifted its holdings in shares of ProShares Large Cap Core Plus by 0.6% in the fourth quarter. Stifel Financial Corp now owns 121,557 shares of the company’s stock worth $9,686,000 after buying an additional 751 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ProShares Large Cap Core Plus by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 65,425 shares of the company’s stock worth $5,213,000 after buying an additional 1,732 shares in the last quarter. HRT Financial LP bought a new position in shares of ProShares Large Cap Core Plus during the fourth quarter worth $472,000. Finally, Manchester Financial Inc. boosted its position in shares of ProShares Large Cap Core Plus by 2.6% during the fourth quarter. Manchester Financial Inc. now owns 30,774 shares of the company’s stock worth $2,452,000 after acquiring an additional 768 shares during the last quarter.

ProShares Large Cap Core Plus Company Profile

The ProShares Large Cap Core Plus (CSM) is an exchange-traded fund that is based on the Credit Suisse 130\u002F30 Large Cap index. The fund tracks a long\u002Fshort index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. CSM was launched on Jul 14, 2009 and is managed by ProShares.