ProShares Short S&P 500 (NYSEARCA:SH) Stock Pass Below Two Hundred Day Moving Average – Here’s What Happened

ProShares Short S&P 500 (NYSEARCA:SH) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.99 and traded as low as $35.48. ProShares Short S&P 500 shares last traded at $35.71, with a volume of 6,215,233 shares changing hands.

ProShares Short S&P 500 Trading Up 0.3%

The stock’s fifty day moving average is $35.94 and its two-hundred day moving average is $36.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nvwm LLC bought a new position in shares of ProShares Short S&P 500 in the fourth quarter valued at about $36,000. WFA of San Diego LLC bought a new stake in ProShares Short S&P 500 in the 2nd quarter valued at about $36,000. SBI Securities Co. Ltd. boosted its stake in shares of ProShares Short S&P 500 by 49.5% in the second quarter. SBI Securities Co. Ltd. now owns 961 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 318 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of ProShares Short S&P 500 during the 3rd quarter worth $42,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Short S&P 500 during the fourth quarter worth about $55,000.

About ProShares Short S&P 500

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. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.