ProShares Short S&P500 (NYSEARCA:SH) Sees Unusually-High Trading Volume – Time to Buy?

ProShares Short S&P500 (NYSEARCA:SH) saw unusually-strong trading volume on Friday . Approximately 11,786,155 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 5,218,242 shares.The stock last traded at $43.80 and had previously closed at $43.81.

ProShares Short S&P500 Stock Performance

The business’s 50-day simple moving average is $41.86 and its 200-day simple moving average is $42.80.

Institutional Trading of ProShares Short S&P500

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marlin Sams Capital Management LLC purchased a new position in ProShares Short S&P500 in the third quarter valued at $15,732,000. Arete Wealth Advisors LLC acquired a new stake in shares of ProShares Short S&P500 during the 3rd quarter valued at about $10,007,000. Axxcess Wealth Management LLC increased its stake in shares of ProShares Short S&P500 by 18.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 722,069 shares of the real estate investment trust’s stock valued at $7,834,000 after purchasing an additional 113,458 shares in the last quarter. Freedom Investment Management Inc. increased its stake in shares of ProShares Short S&P500 by 265.1% in the 3rd quarter. Freedom Investment Management Inc. now owns 369,746 shares of the real estate investment trust’s stock valued at $4,012,000 after purchasing an additional 268,485 shares in the last quarter. Finally, Wakefield Asset Management LLLP raised its holdings in ProShares Short S&P500 by 63.8% in the 4th quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after purchasing an additional 81,033 shares during the period.

ProShares Short S&P500 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.