ProShares Short S&P 500 (NYSEARCA:SH) Reaches New 52-Week Low – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SH)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $32.66 and last traded at $32.6950, with a volume of 5159518 shares changing hands. The stock had previously closed at $33.16.

ProShares Short S&P 500 Stock Down 1.4%

The stock has a fifty day moving average of $33.26 and a 200 day moving average of $34.93.

Hedge Funds Weigh In On ProShares Short S&P 500

Hedge funds have recently modified their holdings of the stock. Nvwm LLC bought a new position in shares of ProShares Short S&P 500 during the fourth quarter worth $36,000. WFA of San Diego LLC bought a new position in shares of ProShares Short S&P 500 during the 2nd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of ProShares Short S&P 500 during the fourth quarter valued at about $55,000. Atlantic Union Bankshares Corp boosted its stake in ProShares Short S&P 500 by 51.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 575 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in ProShares Short S&P 500 during the first quarter valued at approximately $67,000.

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.