ProShares Short S&P 500 (NYSEARCA:SH) Share Price Cross Below 200-Day Moving Average – What’s Next?
by Michael Walen · The Markets DailyProShares Short S&P 500 (NYSEARCA:SH – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.17 and traded as low as $32.66. ProShares Short S&P 500 shares last traded at $32.78, with a volume of 10,534,017 shares traded.
ProShares Short S&P 500 Trading Up 0.5%
The business’s 50-day moving average is $32.67 and its 200-day moving average is $34.15.
Institutional Investors Weigh In On ProShares Short S&P 500
Institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares Short S&P 500 in the 2nd quarter valued at approximately $472,000. Guardian Wealth Advisors LLC NC increased its holdings in ProShares Short S&P 500 by 19.4% during the second quarter. Guardian Wealth Advisors LLC NC now owns 233,122 shares of the real estate investment trust’s stock worth $7,698,000 after buying an additional 37,914 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in ProShares Short S&P 500 in the second quarter valued at approximately $158,000. AFG Fiduciary Services Limited Partnership lifted its stake in shares of ProShares Short S&P 500 by 145.1% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 92,223 shares of the real estate investment trust’s stock worth $3,054,000 after buying an additional 54,595 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new position in ProShares Short S&P 500 in the 1st quarter valued at $7,154,000.
About ProShares Short S&P 500
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. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.