Belpointe Asset Management LLC Acquires 61,904 Shares of ProShares Short S&P 500 $SH

Belpointe Asset Management LLC boosted its holdings in ProShares Short S&P 500 (NYSEARCA:SH) by 559.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,964 shares of the real estate investment trust’s stock after acquiring an additional 61,904 shares during the quarter. Belpointe Asset Management LLC owned 0.25% of ProShares Short S&P 500 worth $2,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Group AG grew its stake in ProShares Short S&P 500 by 167.7% during the third quarter. UBS Group AG now owns 1,639,335 shares of the real estate investment trust’s stock worth $60,590,000 after buying an additional 1,026,917 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of ProShares Short S&P 500 during the fourth quarter worth approximately $17,698,000. Focus Partners Wealth raised its stake in shares of ProShares Short S&P 500 by 0.6% in the third quarter. Focus Partners Wealth now owns 394,602 shares of the real estate investment trust’s stock valued at $14,585,000 after acquiring an additional 2,260 shares during the last quarter. Arlington Capital Management Inc. bought a new position in shares of ProShares Short S&P 500 in the third quarter valued at approximately $12,257,000. Finally, Wealth Quarterback LLC bought a new position in shares of ProShares Short S&P 500 in the third quarter valued at approximately $7,886,000.

ProShares Short S&P 500 Trading Up 0.2%

NYSEARCA:SH opened at $34.88 on Tuesday. ProShares Short S&P 500 has a 1 year low of $34.68 and a 1 year high of $48.32. The firm has a 50 day moving average of $36.69 and a 200-day moving average of $36.46.

ProShares Short S&P 500 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.1789 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.1%.

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. 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.