ProShares Short S&P500 (NYSEARCA:SH) Shares 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 Monday . The stock has a 200-day moving average of $43.84 and traded as low as $42.79. ProShares Short S&P500 shares last traded at $42.80, with a volume of 5,774,197 shares.

ProShares Short S&P500 Stock Performance

The business has a fifty day simple moving average of $42.13 and a 200 day simple moving average of $43.84.

Hedge Funds Weigh In On ProShares Short S&P500

Hedge funds and other institutional investors have recently modified their holdings of the business. Aptus Capital Advisors LLC purchased a new position in shares of ProShares Short S&P500 in the 3rd quarter worth approximately $33,000. Nvwm LLC purchased a new position in ProShares Short S&P500 in the third quarter valued at approximately $46,000. Larson Financial Group LLC lifted its stake in ProShares Short S&P500 by 415.8% in 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 purchasing an additional 4,528 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in ProShares Short S&P500 in the third quarter valued at approximately $111,000. Finally, RW Investment Management LLC purchased a new position in ProShares Short S&P500 in the third quarter valued at approximately $124,000.

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.