ProShares Short S&P500 Sees Unusually Large Options Volume (NYSEARCA:SH)

ProShares Short S&P500 (NYSEARCA:SH) was the target of some unusual options trading on Monday. Stock traders purchased 4,073 call options on the company. This is an increase of 259% compared to the typical volume of 1,133 call options.

ProShares Short S&P500 Trading Down 0.8 %

Shares of SH stock opened at $11.98 on Wednesday. ProShares Short S&P500 has a 1 year low of $11.03 and a 1 year high of $15.20. The firm’s 50 day moving average is $11.52 and its 200-day moving average is $11.99.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wakefield Asset Management LLLP acquired a new stake in shares of ProShares Short S&P500 during the fourth quarter worth $4,209,000. ORG Partners LLC boosted its stake in ProShares Short S&P500 by 364.7% during the 4th quarter. ORG Partners LLC now owns 58,123 shares of the real estate investment trust’s stock worth $755,000 after acquiring an additional 45,616 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in ProShares Short S&P500 during the fourth quarter valued at approximately $311,000. Archer Investment Corp acquired a new position in ProShares Short S&P500 during the fourth quarter valued at approximately $198,000. Finally, HTLF Bank bought a new stake in ProShares Short S&P500 in the fourth quarter valued at approximately $235,000.

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.