ProShares Short S&P500 (NYSEARCA:SH) Stock Price Pass Below Two Hundred Day Moving Average – What’s Next?

Posted by Samantha Reynolds on Nov 15th, 2024

ProShares Short S&P500 (NYSEARCA:SH – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.46 and traded as low as $41.88. ProShares Short S&P500 shares last traded at $42.03, with a volume of 5,162,477 shares.

ProShares Short S&P500 Stock Up 1.4 %

The company’s 50 day moving average price is $43.61 and its two-hundred day moving average price is $45.44.

Institutional Investors Weigh In On ProShares Short S&P500

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC purchased a new stake in ProShares Short S&P500 during the 3rd quarter valued at approximately $33,000. Nvwm LLC purchased a new stake in ProShares Short S&P500 during the 3rd quarter valued at approximately $46,000. Larson Financial Group LLC grew its holdings in 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 valued at $61,000 after buying an additional 4,528 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in ProShares Short S&P500 during the 1st quarter valued at approximately $77,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in ProShares Short S&P500 during the 2nd quarter valued at approximately $114,000.

About ProShares Short S&P500

(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.