ProShares Short S&P 500 (NYSEARCA:SH) Shares Pass Below 200-Day Moving Average – Time to Sell?

ProShares Short S&P 500 (NYSEARCA:SH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.01 and traded as low as $33.28. ProShares Short S&P 500 shares last traded at $33.50, with a volume of 7,320,690 shares changing hands.

ProShares Short S&P 500 Stock Performance

The company’s 50-day moving average price is $33.26 and its two-hundred day moving average price is $35.01.

Institutional Trading of ProShares Short S&P 500

A number of large investors have recently added to or reduced their stakes in the business. Nvwm LLC acquired a new position in ProShares Short S&P 500 in the fourth quarter worth approximately $36,000. WFA of San Diego LLC acquired a new stake in shares of ProShares Short S&P 500 during the 2nd quarter valued at $36,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ProShares Short S&P 500 during the 4th quarter worth $55,000. Atlantic Union Bankshares Corp boosted its stake 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 acquiring an additional 575 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of ProShares Short S&P 500 during the 1st quarter worth $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.