Ballew Advisors Inc Buys Shares of 30,103 ProShares Short S&P 500 $SH

Ballew Advisors Inc purchased a new position in shares of ProShares Short S&P 500 (NYSEARCA:SH) during the 3rd quarter, HoldingsChannel reports. The firm purchased 30,103 shares of the real estate investment trust’s stock, valued at approximately $1,121,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mirador Capital Partners LP acquired a new stake in shares of ProShares Short S&P 500 in the 3rd quarter valued at $9,286,000. Rothschild Capital Partners LLC raised its holdings in ProShares Short S&P 500 by 79.1% during the second quarter. Rothschild Capital Partners LLC now owns 437,736 shares of the real estate investment trust’s stock valued at $17,369,000 after buying an additional 193,374 shares in the last quarter. Sterling Investment Management LLC acquired a new stake in shares of ProShares Short S&P 500 in the second quarter worth about $3,991,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of ProShares Short S&P 500 during the 2nd quarter worth about $3,693,000. Finally, Hilton Capital Management LLC bought a new stake in shares of ProShares Short S&P 500 during the 2nd quarter worth about $3,451,000.

ProShares Short S&P 500 Price Performance

Shares of NYSEARCA SH opened at $35.55 on Thursday. The business’s 50-day simple moving average is $36.63 and its 200-day simple moving average is $38.04. ProShares Short S&P 500 has a 52 week low of $35.52 and a 52 week high of $51.37.

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.