ProShares Short S&P500 (NYSEARCA:SH) Stock Cross Below 200 Day Moving Average – What’s Next?

ProShares Short S&P500 (NYSEARCA:SH) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.46 and traded as low as $41.88. ProShares Short S&P500 shares last traded at $42.03, with a volume of 5,162,477 shares trading hands.

ProShares Short S&P500 Stock Performance

The stock’s 50-day moving average price is $43.68 and its 200 day moving average price is $45.46.

Institutional Investors Weigh In On ProShares Short S&P500

Large investors have recently modified their holdings of the business. Aptus Capital Advisors LLC bought a new position in shares of ProShares Short S&P500 in the 3rd quarter worth $33,000. Nvwm LLC bought a new position in ProShares Short S&P500 in the third quarter worth about $46,000. Larson Financial Group LLC lifted its position in shares of ProShares Short S&P500 by 415.8% during the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 4,528 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of ProShares Short S&P500 in the 1st quarter valued at about $77,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of ProShares Short S&P500 in the 2nd quarter valued at about $114,000.

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.