ProShares Short S&P500 (NYSEARCA:SH) Share Price Pass Above 50-Day Moving Average – What’s Next?

ProShares Short S&P500 (NYSEARCA:SHGet Free Report)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $42.48 and traded as high as $43.39. ProShares Short S&P500 shares last traded at $42.65, with a volume of 6,751,771 shares trading hands.

ProShares Short S&P500 Trading Down 1.1 %

The business’s fifty day simple moving average is $42.48 and its two-hundred day simple moving average is $44.40.

Institutional Investors Weigh In On ProShares Short S&P500

Several large investors have recently modified their holdings of SH. Marlin Sams Capital Management LLC purchased a new stake in shares of ProShares Short S&P500 in the third quarter valued at about $15,732,000. EWG Elevate Inc. acquired a new position in ProShares Short S&P500 in the 3rd quarter valued at about $13,825,000. First National Corp MA ADV increased its position in 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 valued at $16,962,000 after acquiring an additional 1,136,404 shares during the period. Gunderson Capital Management Inc. purchased a new stake in ProShares Short S&P500 during the 3rd quarter valued at approximately $11,095,000. Finally, Arete Wealth Advisors LLC acquired a new stake in ProShares Short S&P500 during the 3rd quarter worth approximately $10,007,000.

ProShares Short S&P500 Company Profile

(Get Free Report)

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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