J. Safra Sarasin Holding AG Sells 15,858 Shares of ProShares Short S&P 500 $SH

J. Safra Sarasin Holding AG trimmed its position in ProShares Short S&P 500 (NYSEARCA:SH) by 63.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,323 shares of the real estate investment trust’s stock after selling 15,858 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in ProShares Short S&P 500 were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in shares of ProShares Short S&P 500 during the third quarter valued at approximately $4,862,000. Simplicity Wealth LLC bought a new stake in ProShares Short S&P 500 during the 3rd quarter valued at $230,000. Sugar Maple Asset Management LLC raised its holdings in ProShares Short S&P 500 by 70.3% during the third quarter. Sugar Maple Asset Management LLC now owns 36,337 shares of the real estate investment trust’s stock worth $1,343,000 after buying an additional 15,000 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of ProShares Short S&P 500 in the third quarter valued at $1,699,000. Finally, Abbington Investment Group acquired a new position in shares of ProShares Short S&P 500 during the third quarter valued at about $1,745,000.

ProShares Short S&P 500 Stock Performance

SH opened at $35.55 on Friday. ProShares Short S&P 500 has a fifty-two week low of $35.34 and a fifty-two week high of $51.37. The company’s 50-day moving average is $36.08 and its 200 day moving average is $37.20.

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.