ProShares Short SmallCap600 (NYSEARCA:SBB) Shares Cross Above 200-Day Moving Average – What’s Next?

ProShares Short SmallCap600 (NYSEARCA:SBB) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.44 and traded as high as $13.47. ProShares Short SmallCap600 shares last traded at $13.20, with a volume of 24,788 shares.

ProShares Short SmallCap600 Trading Down 3.0%

The business’s 50-day moving average is $12.93 and its two-hundred day moving average is $13.44.

ProShares Short SmallCap600 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.0749 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.30 annualized dividend and a yield of 2.3%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new stake in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned 7.64% of ProShares Short SmallCap600 at the end of the most recent quarter.

About ProShares Short SmallCap600

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.