ProShares Short S&P500 (NYSEARCA:SH) Reaches New 52-Week Low – What’s Next?

ProShares Short S&P500 (NYSEARCA:SH)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $41.38 and last traded at $41.40, with a volume of 546381 shares. The stock had previously closed at $41.69.

ProShares Short S&P500 Trading Down 0.8 %

The stock has a fifty day moving average of $42.45 and a 200-day moving average of $44.28.

Hedge Funds Weigh In On ProShares Short S&P500

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC bought a new stake in ProShares Short S&P500 during the 3rd quarter valued at $33,000. Nvwm LLC bought a new position in ProShares Short S&P500 in the third quarter worth about $46,000. Larson Financial Group LLC boosted its holdings in shares of ProShares Short S&P500 by 415.8% in 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 buying an additional 4,528 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of ProShares Short S&P500 in the 3rd quarter worth approximately $111,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in ProShares Short S&P500 during the second quarter valued at 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.