ProShares Short S&P 500 (NYSEARCA:SH) Hits New 1-Year Low – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SH) hit a new 52-week low on Friday . The company traded as low as $32.70 and last traded at $32.7190, with a volume of 4722395 shares changing hands. The stock had previously closed at $32.84.

ProShares Short S&P 500 Stock Performance

The company has a 50-day moving average of $33.38 and a 200-day moving average of $35.20.

Institutional Trading of ProShares Short S&P 500

Several institutional investors have recently added to or reduced their stakes in the business. Nvwm LLC bought a new position in shares of ProShares Short S&P 500 in the 4th quarter worth about $36,000. WFA of San Diego LLC bought a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Short S&P 500 during the 4th quarter valued at about $55,000. Atlantic Union Bankshares Corp grew its position 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 valued at $61,000 after buying an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in ProShares Short S&P 500 during the first quarter worth about $67,000.

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.