ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update
by Sarita Garza · The Markets DailyProShares Short S&P 500 (NYSEARCA:SH – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 948,102 shares, a drop of 51.0% from the July 15th total of 1,933,768 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 8,129,784 shares, the short-interest ratio is presently 0.1 days.
ProShares Short S&P 500 Trading Up 0.3%
SH stock traded up $0.08 during trading on Friday, hitting $31.98. The stock had a trading volume of 4,121,520 shares, compared to its average volume of 10,282,527. ProShares Short S&P 500 has a twelve month low of $31.83 and a twelve month high of $39.20. The company’s 50-day moving average price is $33.08 and its two-hundred day moving average price is $34.69.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SH. Stack Financial Management Inc purchased a new stake in shares of ProShares Short S&P 500 during the fourth quarter worth $90,286,000. UBS Group AG boosted its position in ProShares Short S&P 500 by 167.7% during the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after acquiring an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC acquired a new stake in ProShares Short S&P 500 in the 1st quarter valued at about $20,507,000. Focus Partners Wealth raised its holdings in ProShares Short S&P 500 by 3.2% in the 4th quarter. Focus Partners Wealth now owns 407,260 shares of the real estate investment trust’s stock valued at $14,674,000 after acquiring an additional 12,658 shares during the last quarter. Finally, Arlington Capital Management Inc. purchased a new position in ProShares Short S&P 500 in the 3rd quarter worth approximately $12,257,000.
About ProShares Short S&P 500
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.