ProShares Short S&P500 (NYSEARCA:SH) Reaches New 12-Month Low – Time to Sell?

ProShares Short S&P500 (NYSEARCA:SH)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $41.77 and last traded at $41.78, with a volume of 1007932 shares trading hands. The stock had previously closed at $42.05.

ProShares Short S&P500 Trading Down 0.5 %

The company has a 50-day moving average price of $42.97 and a 200-day moving average price of $44.95.

Institutional Investors Weigh In On ProShares Short S&P500

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC acquired a new position in ProShares Short S&P500 during the third quarter worth about $33,000. Nvwm LLC acquired a new stake in ProShares Short S&P500 in the 3rd quarter valued at about $46,000. Larson Financial Group LLC boosted its position in shares of ProShares Short S&P500 by 415.8% during the 3rd quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 4,528 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of ProShares Short S&P500 in the 3rd quarter worth approximately $111,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of ProShares Short S&P500 in the 2nd quarter worth approximately $114,000.

About ProShares Short S&P500

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.