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

ProShares Short S&P500 (NYSEARCA:SH)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.64 and last traded at $10.64, with a volume of 1190820 shares traded. The stock had previously closed at $10.87.

ProShares Short S&P500 Stock Down 0.4 %

The company has a 50-day moving average price of $43.93 and a two-hundred day moving average price of $45.70.

Hedge Funds Weigh In On ProShares Short S&P500

Institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new stake in shares of ProShares Short S&P500 in the 3rd quarter valued at about $33,000. Nvwm LLC acquired a new stake in ProShares Short S&P500 during the third quarter valued at approximately $46,000. SageView Advisory Group LLC bought a new position in ProShares Short S&P500 during the 1st quarter worth approximately $77,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of ProShares Short S&P500 in the 2nd quarter worth approximately $114,000. Finally, Brookstone Capital Management bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter valued at approximately $145,000.

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.