ProShares Short S&P500 (NYSEARCA:SH) Stock Price Up 1.9%

ProShares Short S&P500 (NYSEARCA:SHGet Rating)’s share price rose 1.9% on Friday . The stock traded as high as $16.81 and last traded at $16.81. Approximately 268,088 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 37,072,145 shares. The stock had previously closed at $16.50.

ProShares Short S&P500 Price Performance

The firm has a 50 day moving average of $15.40 and a two-hundred day moving average of $15.36.

Hedge Funds Weigh In On ProShares Short S&P500

Institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Management Inc. bought a new stake in shares of ProShares Short S&P500 in the second quarter worth about $13,909,876,000. Goldman Sachs Group Inc. grew its position in ProShares Short S&P500 by 1.7% in the second quarter. Goldman Sachs Group Inc. now owns 508,617 shares of the real estate investment trust’s stock worth $8,392,000 after acquiring an additional 8,617 shares in the last quarter. CMC Financial Group grew its position in ProShares Short S&P500 by 98.4% in the second quarter. CMC Financial Group now owns 126,534 shares of the real estate investment trust’s stock worth $2,088,000 after acquiring an additional 62,769 shares in the last quarter. Mutual Advisors LLC grew its position in ProShares Short S&P500 by 361.8% in the second quarter. Mutual Advisors LLC now owns 516,550 shares of the real estate investment trust’s stock worth $8,523,000 after acquiring an additional 404,692 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. purchased a new position in ProShares Short S&P500 in the second quarter worth about $585,000.

About ProShares Short S&P500

(Get Rating)

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.

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