Trek Financial LLC Makes New $7.01 Million Investment in ProShares Short S&P 500 $SH

Trek Financial LLC bought a new position in ProShares Short S&P 500 (NYSEARCA:SH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 216,288 shares of the real estate investment trust’s stock, valued at approximately $7,008,000. Trek Financial LLC owned 0.74% of ProShares Short S&P 500 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Virtue Capital Management LLC boosted its position in ProShares Short S&P 500 by 537.7% in the 3rd quarter. Virtue Capital Management LLC now owns 385,351 shares of the real estate investment trust’s stock valued at $12,485,000 after buying an additional 324,927 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ProShares Short S&P 500 during the third quarter worth approximately $227,000. Aviance Capital Partners LLC purchased a new position in shares of ProShares Short S&P 500 during the third quarter worth approximately $616,000. MGO One Seven LLC bought a new stake in shares of ProShares Short S&P 500 during the third quarter valued at approximately $236,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of ProShares Short S&P 500 during the third quarter valued at approximately $859,000.

ProShares Short S&P 500 Stock Performance

SH opened at $32.86 on Monday. The stock’s fifty day moving average is $32.34 and its two-hundred day moving average is $34.10. ProShares Short S&P 500 has a 52 week low of $31.64 and a 52 week high of $39.20.

ProShares Short S&P 500 Profile

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.