Short Interest in ProShares Short S&P500 (SH) Grows By 49.0%

ProShares Short S&P500 (NYSEARCA:SH) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,780,344 shares, a growth of 49.0% from the October 13th total of 1,195,204 shares. Based on an average daily volume of 1,463,867 shares, the short-interest ratio is presently 1.2 days.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tuttle Tactical Management LLC bought a new stake in shares of ProShares Short S&P500 during the second quarter valued at approximately $9,348,000. Wells Fargo & Company MN raised its holdings in shares of ProShares Short S&P500 by 10.2% during the second quarter. Wells Fargo & Company MN now owns 2,415,356 shares of the real estate investment trust’s stock valued at $80,914,000 after buying an additional 224,322 shares during the last quarter. Capital Wealth Planning LLC raised its holdings in shares of ProShares Short S&P500 by 1,541.0% during the second quarter. Capital Wealth Planning LLC now owns 152,106 shares of the real estate investment trust’s stock valued at $5,096,000 after buying an additional 142,837 shares during the last quarter. DRW Securities LLC bought a new stake in shares of ProShares Short S&P500 during the second quarter valued at approximately $4,656,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of ProShares Short S&P500 by 177.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 174,332 shares of the real estate investment trust’s stock valued at $5,840,000 after buying an additional 111,532 shares during the last quarter.

ProShares Short S&P500 (SH) opened at $31.37 on Friday. ProShares Short S&P500 has a 12-month low of $31.18 and a 12-month high of $37.75.

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About ProShares Short S&P500

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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