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

ProShares Short S&P500 (NYSEARCA:SH)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $41.13 and last traded at $41.15, with a volume of 231887 shares trading hands. The stock had previously closed at $41.33.

ProShares Short S&P500 Stock Performance

The firm has a 50 day moving average of $42.06 and a two-hundred day moving average of $43.68.

Institutional Investors Weigh In On ProShares Short S&P500

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in ProShares Short S&P500 by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 295,208 shares of the real estate investment trust’s stock valued at $3,368,000 after buying an additional 21,540 shares in the last quarter. XTX Topco Ltd acquired a new stake in ProShares Short S&P500 in the second quarter worth about $233,000. Mirador Capital Partners LP lifted its position in ProShares Short S&P500 by 52.2% during the 3rd quarter. Mirador Capital Partners LP now owns 1,009,135 shares of the real estate investment trust’s stock valued at $10,949,000 after purchasing an additional 346,068 shares during the period. EWG Elevate Inc. acquired a new stake in shares of ProShares Short S&P500 during the 3rd quarter worth approximately $13,825,000. Finally, Brookstone Capital Management acquired a new position in ProShares Short S&P500 in the third quarter valued at approximately $145,000.

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.