ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update

ProShares Short S&P 500 (NYSEARCA:SH) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 644,339 shares, a decline of 58.2% from the June 15th total of 1,543,232 shares. Based on an average daily trading volume, of 10,149,382 shares, the short-interest ratio is presently 0.1 days. Currently, 2.4% of the company’s stock are sold short.

Institutional Trading of ProShares Short S&P 500

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stack Financial Management Inc purchased a new stake in shares of ProShares Short S&P 500 during the fourth quarter valued at approximately $90,286,000. UBS Group AG boosted its holdings in shares of ProShares Short S&P 500 by 167.7% in the 3rd quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after buying an additional 1,026,917 shares during the last quarter. Three Seasons Wealth LLC bought a new position in ProShares Short S&P 500 during the first quarter valued at about $20,507,000. Stratos Wealth Advisors LLC purchased a new stake in ProShares Short S&P 500 during the fourth quarter worth about $17,698,000. Finally, Arlington Capital Management Inc. bought a new stake in ProShares Short S&P 500 in the third quarter worth about $12,257,000.

ProShares Short S&P 500 Stock Down 0.4%

NYSEARCA:SH traded down $0.12 on Wednesday, hitting $32.74. The stock had a trading volume of 6,976,258 shares, compared to its average volume of 10,734,016. ProShares Short S&P 500 has a 52 week low of $32.70 and a 52 week high of $39.85. The business’s fifty day moving average is $33.32 and its 200 day moving average is $35.15.

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.