Brasada Capital Management LP Lowers Holdings in ProShares Short S&P 500 $SH

Brasada Capital Management LP decreased its holdings in ProShares Short S&P 500 (NYSEARCA:SH) by 25.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,743 shares of the real estate investment trust’s stock after selling 17,672 shares during the quarter. Brasada Capital Management LP owned approximately 0.17% of ProShares Short S&P 500 worth $1,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SH. Nvwm LLC purchased a new stake in ProShares Short S&P 500 in the 4th quarter valued at about $36,000. WFA of San Diego LLC purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter worth about $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares Short S&P 500 during the 4th quarter worth about $55,000. Atlantic Union Bankshares Corp grew its holdings in shares of ProShares Short S&P 500 by 51.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 575 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of ProShares Short S&P 500 during the 2nd quarter worth about $77,000.

ProShares Short S&P 500 Trading Down 0.5%

Shares of NYSEARCA:SH opened at $33.57 on Friday. ProShares Short S&P 500 has a 1 year low of $32.71 and a 1 year high of $41.80. The stock has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $35.66.

ProShares Short S&P 500 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. 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.