ProShares Short S&P500 (NYSEARCA:SH) Shares Down 1.8% – Time to Sell?

ProShares Short S&P500 (NYSEARCA:SH)’s share price traded down 1.8% during mid-day trading on Friday . The stock traded as low as $44.77 and last traded at $44.71. 2,951,527 shares traded hands during trading, a decline of 51% from the average session volume of 5,996,752 shares. The stock had previously closed at $45.53.

ProShares Short S&P500 Trading Down 2.1 %

The business’s fifty day moving average price is $42.12 and its 200 day moving average price is $42.80.

Institutional Trading of ProShares Short S&P500

A number of hedge funds have recently added to or reduced their stakes in SH. Golden State Wealth Management LLC purchased a new stake in ProShares Short S&P500 during the fourth quarter valued at about $31,000. JPMorgan Chase & Co. purchased a new stake in shares of ProShares Short S&P500 during the 4th quarter worth about $78,000. Aptus Capital Advisors LLC acquired a new stake in ProShares Short S&P500 during the 3rd quarter worth approximately $33,000. Ancora Advisors LLC raised its holdings in ProShares Short S&P500 by 29.6% in the fourth quarter. Ancora Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 1,000 shares during the period. Finally, Ridgecrest Wealth Partners LLC acquired a new position in ProShares Short S&P500 during the fourth quarter valued at approximately $229,000.

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.