ProShares Short S&P500 (NYSEARCA:SH) Stock Pass Below 50-Day Moving Average of $27.45

ProShares Short S&P500 (NYSEARCA:SH)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $27.45 and traded as low as $26.72. ProShares Short S&P500 shares last traded at $26.72, with a volume of 55,033 shares trading hands.

The firm has a 50 day moving average of $27.42.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SH. Raymond James & Associates bought a new position in ProShares Short S&P500 in the 4th quarter worth approximately $516,000. Commonwealth Equity Services LLC boosted its holdings in ProShares Short S&P500 by 89.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,974 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 8,033 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in ProShares Short S&P500 in the 4th quarter worth approximately $742,000. Strategic Wealth Advisors Group LLC bought a new position in ProShares Short S&P500 in the 4th quarter worth approximately $2,494,000. Finally, Van Hulzen Asset Management LLC bought a new position in ProShares Short S&P500 in the 4th quarter worth approximately $248,000.

About ProShares Short S&P500 (NYSEARCA:SH)

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.

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