Canal Capital Management LLC Invests $2.63 Million in ProShares Short S&P 500 $SH

Canal Capital Management LLC purchased a new stake in shares of ProShares Short S&P 500 (NYSEARCA:SH) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 69,437 shares of the real estate investment trust’s stock, valued at approximately $2,634,000. Canal Capital Management LLC owned approximately 0.20% of ProShares Short S&P 500 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SH. Atlantic Union Bankshares Corp lifted its position in ProShares Short S&P 500 by 51.1% in the fourth 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. CPR Investments Inc. increased its position in shares of ProShares Short S&P 500 by 0.3% during the 4th quarter. CPR Investments Inc. now owns 202,889 shares of the real estate investment trust’s stock valued at $7,310,000 after purchasing an additional 648 shares during the period. Discipline Wealth Solutions LLC increased its position in shares of ProShares Short S&P 500 by 4.6% during the 1st quarter. Discipline Wealth Solutions LLC now owns 15,883 shares of the real estate investment trust’s stock valued at $602,000 after purchasing an additional 699 shares during the period. WFA of San Diego LLC bought a new stake in shares of ProShares Short S&P 500 in the 2nd quarter worth $36,000. Finally, Nvwm LLC bought a new stake in shares of ProShares Short S&P 500 in the 4th quarter worth $36,000.

ProShares Short S&P 500 Stock Performance

Shares of ProShares Short S&P 500 stock opened at $33.12 on Friday. The business has a fifty day simple moving average of $33.56 and a 200-day simple moving average of $35.34. ProShares Short S&P 500 has a fifty-two week low of $32.71 and a fifty-two week high of $39.85.

ProShares Short S&P 500 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.