ProShares Short S&P500 (NYSEARCA:SH) Sets New 1-Year Low – Here’s Why

ProShares Short S&P500 (NYSEARCA:SH)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $10.64 and last traded at $10.64, with a volume of 1190820 shares. The stock had previously closed at $10.87.

ProShares Short S&P500 Stock Performance

The business has a 50-day moving average price of $11.01 and a 200 day moving average price of $11.44.

ProShares Short S&P500 shares are set to reverse split before the market opens on Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

Institutional Investors Weigh In On ProShares Short S&P500

Institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in ProShares Short S&P500 by 24.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,500 shares of the real estate investment trust’s stock valued at $848,000 after buying an additional 14,000 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of ProShares Short S&P500 by 15.8% during the first quarter. Oppenheimer & Co. Inc. now owns 364,024 shares of the real estate investment trust’s stock worth $4,317,000 after purchasing an additional 49,787 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of ProShares Short S&P500 by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 295,208 shares of the real estate investment trust’s stock worth $3,368,000 after purchasing an additional 21,540 shares during the last quarter. West Michigan Advisors LLC purchased a new stake in ProShares Short S&P500 in the third quarter valued at approximately $1,202,000. Finally, Mirador Capital Partners LP lifted its position in ProShares Short S&P500 by 52.2% during the third quarter. Mirador Capital Partners LP now owns 1,009,135 shares of the real estate investment trust’s stock valued at $10,949,000 after purchasing an additional 346,068 shares during the last quarter.

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.