ProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 1,543,232 shares, a growth of 125.3% from the May 31st total of 684,973 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 12,184,283 shares, the days-to-cover ratio is currently 0.1 days.
ProShares Short S&P 500 Stock Performance
Shares of SH opened at $33.26 on Tuesday. The stock has a 50-day moving average of $33.71 and a 200-day moving average of $35.42. ProShares Short S&P 500 has a one year low of $32.71 and a one year high of $39.86.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Nvwm LLC acquired a new position in shares of ProShares Short S&P 500 during the fourth quarter valued at about $36,000. WFA of San Diego LLC acquired a new stake in shares of ProShares Short S&P 500 in the 2nd quarter worth about $36,000. Northwestern Mutual Wealth Management Co. bought a new position in ProShares Short S&P 500 in the 4th quarter valued at about $55,000. Atlantic Union Bankshares Corp boosted its stake in 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 purchasing an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in ProShares Short S&P 500 during the 1st quarter valued at 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.
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