ProShares Short S&P500 (NYSEARCA:SH) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of ProShares Short S&P500 (NYSEARCA:SH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.84 and traded as low as $42.79. ProShares Short S&P500 shares last traded at $42.80, with a volume of 5,774,197 shares trading hands.

ProShares Short S&P500 Trading Down 1.8 %

The firm’s 50 day moving average is $42.09 and its two-hundred day moving average is $43.81.

Institutional Investors Weigh In On ProShares Short S&P500

A number of hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC purchased a new stake in shares of ProShares Short S&P500 during the 3rd quarter worth $33,000. Nvwm LLC purchased a new stake in ProShares Short S&P500 during the 3rd quarter worth about $46,000. Larson Financial Group LLC boosted its position in shares of ProShares Short S&P500 by 415.8% during the 3rd quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 4,528 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of ProShares Short S&P500 during the 3rd quarter worth about $111,000. Finally, RW Investment Management LLC purchased a new position in shares of ProShares Short S&P500 in the 3rd quarter valued at about $124,000.

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.