ProShares Short S&P 500 (NYSEARCA:SH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of ProShares Short S&P 500 (NYSEARCA:SH) by 95.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,016 shares of the real estate investment trust’s stock after selling 286,923 shares during the period. Envestnet Asset Management Inc.’s holdings in ProShares Short S&P 500 were worth $594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stratos Wealth Advisors LLC bought a new position in shares of ProShares Short S&P 500 in the 4th quarter worth about $8,319,000. Wakefield Asset Management LLLP raised its stake in ProShares Short S&P 500 by 63.8% during the fourth quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after acquiring an additional 81,033 shares during the period. Stableford Capital II LLC bought a new position in ProShares Short S&P 500 in the fourth quarter worth about $3,112,000. U.S. Capital Wealth Advisors LLC acquired a new position in ProShares Short S&P 500 in the fourth quarter valued at approximately $2,423,000. Finally, Whalen Wealth Management Inc. bought a new position in shares of ProShares Short S&P 500 during the fourth quarter valued at approximately $2,275,000.

ProShares Short S&P 500 Trading Down 1.4 %

Shares of NYSEARCA:SH opened at $43.45 on Friday. The company’s 50-day moving average price is $45.09 and its 200 day moving average price is $43.11. ProShares Short S&P 500 has a fifty-two week low of $40.84 and a fifty-two week high of $51.37.

ProShares Short S&P 500 Profile

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.