ProShares Short S&P500 (NYSEARCA:SH) Shares Pass Above 50-Day Moving Average – Here’s Why

ProShares Short S&P500 (NYSEARCA:SH) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

ProShares Short S&P500 Stock Performance

The stock’s 50 day moving average is $42.47 and its two-hundred day moving average is $44.34.

Institutional Trading of ProShares Short S&P500

Large investors have recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in shares of ProShares Short S&P500 by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 16,288 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 889 shares during the period. Sugar Maple Asset Management LLC raised its position in ProShares Short S&P500 by 2.6% in the 3rd quarter. Sugar Maple Asset Management LLC now owns 82,779 shares of the real estate investment trust’s stock valued at $898,000 after buying an additional 2,070 shares during the last quarter. Aptus Capital Advisors LLC bought a new stake in ProShares Short S&P500 in the 3rd quarter valued at approximately $33,000. Nvwm LLC acquired a new position in ProShares Short S&P500 during the 3rd quarter worth approximately $46,000. Finally, Larson Financial Group LLC grew its stake in shares of ProShares Short S&P500 by 415.8% during the 3rd quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 4,528 shares in the last quarter.

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.