ProShares Short S&P500 (NYSEARCA:SH – Free Report)’s stock is set to reverse split before the market opens on Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.
ProShares Short S&P500 Stock Down 0.1 %
Shares of NYSEARCA:SH opened at $10.77 on Wednesday. The company has a 50 day moving average of $11.03 and a two-hundred day moving average of $11.49. ProShares Short S&P500 has a 52-week low of $10.65 and a 52-week high of $15.10.
Institutional Trading of ProShares Short S&P500
Hedge funds and other institutional investors have recently made changes to their positions in the stock. HTLF Bank raised its stake in ProShares Short S&P500 by 16.5% during the second quarter. HTLF Bank now owns 21,128 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 3,000 shares in the last quarter. Lesa Sroufe & Co raised its position in shares of ProShares Short S&P500 by 2.0% during the 1st quarter. Lesa Sroufe & Co now owns 173,315 shares of the real estate investment trust’s stock valued at $2,056,000 after acquiring an additional 3,331 shares in the last quarter. Nvwm LLC bought a new position in ProShares Short S&P500 during the third quarter worth $46,000. ORG Partners LLC boosted its holdings in ProShares Short S&P500 by 2.8% in the third quarter. ORG Partners LLC now owns 181,838 shares of the real estate investment trust’s stock worth $1,973,000 after purchasing an additional 4,956 shares during the period. Finally, Saybrook Capital NC increased its stake in ProShares Short S&P500 by 16.9% during the third quarter. Saybrook Capital NC now owns 34,500 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 5,000 shares during the last quarter.
About ProShares Short S&P500
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.
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