ProShares Short S&P 500 (NYSEARCA:SH) Shares Pass Below 200-Day Moving Average – Time to Sell?

ProShares Short S&P 500 (NYSEARCA:SH) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.01 and traded as low as $33.28. ProShares Short S&P 500 shares last traded at $33.50, with a volume of 7,320,690 shares.

ProShares Short S&P 500 Price Performance

The business has a fifty day moving average of $33.26 and a 200-day moving average of $35.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SH. Stack Financial Management Inc acquired a new position in shares of ProShares Short S&P 500 during the fourth quarter valued at $90,286,000. UBS Group AG lifted its holdings in ProShares Short S&P 500 by 167.7% in 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 purchasing an additional 1,026,917 shares during the period. Three Seasons Wealth LLC acquired a new stake in ProShares Short S&P 500 in the first quarter worth about $20,507,000. Stratos Wealth Advisors LLC bought a new position in ProShares Short S&P 500 in the 4th quarter valued at about $17,698,000. Finally, Arlington Capital Management Inc. bought a new position in ProShares Short S&P 500 in the 3rd quarter valued at about $12,257,000.

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.