ProShares Short S&P500 (NYSEARCA:SH) Reaches New 1-Year Low – Should You Sell?

Shares of ProShares Short S&P500 (NYSEARCA:SH) hit a new 52-week low on Thursday . The stock traded as low as $10.65 and last traded at $10.65, with a volume of 110203 shares changing hands. The stock had previously closed at $10.72.

ProShares Short S&P500 Price Performance

The stock has a fifty day simple moving average of $11.14 and a 200-day simple moving average of $11.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SH. SageView Advisory Group LLC purchased a new stake in shares of ProShares Short S&P500 in the first quarter valued at approximately $77,000. Kornitzer Capital Management Inc. KS purchased a new stake in ProShares Short S&P500 in the 2nd quarter worth $114,000. Brookstone Capital Management acquired a new position in ProShares Short S&P500 during the third quarter worth $145,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in ProShares Short S&P500 during the first quarter valued at $187,000. Finally, RFG Advisory LLC acquired a new stake in shares of ProShares Short S&P500 in the first quarter valued at about $188,000.

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.