ProShares Short S&P500 (NYSEARCA:SH) Shares Gap Up to $11.73

ProShares Short S&P500 (NYSEARCA:SH)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.73, but opened at $12.23. ProShares Short S&P500 shares last traded at $12.11, with a volume of 12,316,302 shares traded.

ProShares Short S&P500 Stock Performance

The stock’s 50-day moving average price is $11.52 and its 200 day moving average price is $11.99.

Hedge Funds Weigh In On ProShares Short S&P500

Institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in ProShares Short S&P500 during the fourth quarter valued at approximately $40,000. SageView Advisory Group LLC acquired a new stake in ProShares Short S&P500 in the first quarter valued at approximately $77,000. EdgeRock Capital LLC acquired a new stake in ProShares Short S&P500 in the fourth quarter valued at approximately $97,000. Kornitzer Capital Management Inc. KS acquired a new stake in ProShares Short S&P500 in the second quarter valued at approximately $114,000. Finally, Thomasville National Bank acquired a new stake in ProShares Short S&P500 in the first quarter valued at approximately $132,000.

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.