Archer Investment Corp Makes New Investment in ProShares Short S&P500 (NYSEARCA:SH)

Archer Investment Corp acquired a new position in ProShares Short S&P500 (NYSEARCA:SH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,243 shares of the real estate investment trust’s stock, valued at approximately $198,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SH. JPMorgan Chase & Co. grew its holdings in ProShares Short S&P500 by 35.4% in the first quarter. JPMorgan Chase & Co. now owns 15,323 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 4,002 shares during the period. Raymond James & Associates purchased a new stake in shares of ProShares Short S&P500 during the first quarter valued at approximately $581,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ProShares Short S&P500 during the first quarter valued at approximately $356,000. Private Advisor Group LLC grew its holdings in shares of ProShares Short S&P500 by 13.7% during the first quarter. Private Advisor Group LLC now owns 28,134 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 3,394 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of ProShares Short S&P500 by 448.3% during the first quarter. Bank of Montreal Can now owns 41,232 shares of the real estate investment trust’s stock valued at $598,000 after buying an additional 33,712 shares during the last quarter.

ProShares Short S&P500 Trading Up 0.6 %

NYSEARCA:SH opened at $12.44 on Thursday. The company’s 50 day moving average price is $12.20 and its 200-day moving average price is $13.14. ProShares Short S&P500 has a 52 week low of $11.81 and a 52 week high of $15.29.

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.