ProShares Short S&P500 (NYSEARCA:SH) Sees Strong Trading Volume – Time to Buy?

ProShares Short S&P500 (NYSEARCA:SH) shares saw unusually-strong trading volume on Monday . Approximately 6,413,705 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 4,739,355 shares.The stock last traded at $41.73 and had previously closed at $41.49.

ProShares Short S&P500 Price Performance

The company’s 50 day simple moving average is $41.85 and its 200 day simple moving average is $43.45.

Institutional Investors Weigh In On ProShares Short S&P500

Several large investors have recently modified their holdings of SH. Brookstone Capital Management purchased a new stake in shares of ProShares Short S&P500 in the third quarter valued at about $145,000. First National Corp MA ADV raised its position in shares of ProShares Short S&P500 by 266.2% in the 3rd quarter. First National Corp MA ADV now owns 1,563,361 shares of the real estate investment trust’s stock worth $16,962,000 after buying an additional 1,136,404 shares during the period. Gunderson Capital Management Inc. purchased a new stake in shares of ProShares Short S&P500 during the 3rd quarter worth about $11,095,000. ORG Partners LLC raised its stake in shares of ProShares Short S&P500 by 2.8% in the 3rd quarter. ORG Partners LLC now owns 181,838 shares of the real estate investment trust’s stock valued at $1,973,000 after acquiring an additional 4,956 shares during the period. Finally, Joule Financial LLC acquired a new position in shares of ProShares Short S&P500 during the third quarter worth about $458,000.

About ProShares Short S&P500

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.