ProShares Short S&P 500 (NYSEARCA:SH) Stock Short Interest Declines 51.4%

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 697,317 shares, a drop of 51.4% from the September 15th total of 1,436,101 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average trading volume of 9,922,362 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ProShares Short S&P 500

Several hedge funds have recently added to or reduced their stakes in SH. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Short S&P 500 during the second quarter valued at about $472,000. Guardian Wealth Advisors LLC NC lifted its stake in shares of ProShares Short S&P 500 by 19.4% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 233,122 shares of the real estate investment trust’s stock valued at $7,698,000 after acquiring an additional 37,914 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of ProShares Short S&P 500 in the 2nd quarter valued at about $158,000. AFG Fiduciary Services Limited Partnership lifted its stake in shares of ProShares Short S&P 500 by 145.1% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 92,223 shares of the real estate investment trust’s stock valued at $3,054,000 after acquiring an additional 54,595 shares during the last quarter. Finally, Axiom Investment Management LLC purchased a new stake in ProShares Short S&P 500 during the 1st quarter valued at about $7,154,000.

ProShares Short S&P 500 Trading Up 1.1%

Shares of SH traded up $0.34 during mid-day trading on Wednesday, reaching $32.17. The company’s stock had a trading volume of 10,133,005 shares, compared to its average volume of 9,808,109. ProShares Short S&P 500 has a 52 week low of $31.64 and a 52 week high of $39.20. The company’s fifty day moving average price is $32.30 and its two-hundred day moving average price is $33.48.

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.