ProShares Short S&P500 (NYSEARCA:SH) Trading Down 1.8% – Time to Sell?

Shares of ProShares Short S&P500 (NYSEARCA:SH) fell 1.8% on Friday . The stock traded as low as $44.77 and last traded at $44.71. 2,951,527 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 5,996,752 shares. The stock had previously closed at $45.53.

ProShares Short S&P500 Stock Performance

The stock has a 50-day moving average price of $42.17 and a 200-day moving average price of $42.78.

Institutional Trading of ProShares Short S&P500

Hedge funds and other institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in ProShares Short S&P500 during the fourth quarter worth about $31,000. Aptus Capital Advisors LLC bought a new position in ProShares Short S&P500 during the 3rd quarter worth $33,000. Larson Financial Group LLC increased its position in ProShares Short S&P500 by 415.8% in the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 4,528 shares during the period. JPMorgan Chase & Co. bought a new stake in ProShares Short S&P500 in the fourth quarter valued at $78,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of ProShares Short S&P500 during the third quarter valued at $111,000.

ProShares Short S&P500 Company 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.