ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $32.70 and last traded at $32.7190, with a volume of 4722395 shares. The stock had previously closed at $32.84.
ProShares Short S&P 500 Price Performance
The business has a 50-day moving average of $33.42 and a 200-day moving average of $35.22.
Institutional Investors Weigh In On ProShares Short S&P 500
Hedge funds and other institutional investors have recently modified their holdings of the business. Nvwm LLC bought a new stake in shares of ProShares Short S&P 500 in the 4th quarter valued at about $36,000. WFA of San Diego LLC purchased a new position in shares of ProShares Short S&P 500 in the 2nd quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Short S&P 500 in the fourth quarter valued at approximately $55,000. Atlantic Union Bankshares Corp lifted its holdings in shares of ProShares Short S&P 500 by 51.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in ProShares Short S&P 500 in the first quarter valued at about $67,000.
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.
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