PNC Financial Services Group Inc. Lowers Holdings in ProShares Short S&P500 (NYSEARCA:SH)

PNC Financial Services Group Inc. reduced its stake in shares of ProShares Short S&P500 (NYSEARCA:SH) by 75.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,665 shares of the real estate investment trust’s stock after selling 14,000 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares Short S&P500 were worth $198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arete Wealth Advisors LLC bought a new stake in shares of ProShares Short S&P500 in the third quarter worth about $10,007,000. Freedom Investment Management Inc. increased its stake in ProShares Short S&P500 by 265.1% in the 3rd quarter. Freedom Investment Management Inc. now owns 369,746 shares of the real estate investment trust’s stock worth $4,012,000 after acquiring an additional 268,485 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of ProShares Short S&P500 during the 4th quarter worth approximately $8,319,000. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Short S&P500 in the third quarter valued at $1,710,000. Finally, Wakefield Asset Management LLLP increased its position in ProShares Short S&P500 by 63.8% in the fourth quarter. Wakefield Asset Management LLLP now owns 208,043 shares of the real estate investment trust’s stock worth $8,817,000 after purchasing an additional 81,033 shares during the last quarter.

ProShares Short S&P500 Stock Up 0.0 %

ProShares Short S&P500 stock opened at $44.43 on Monday. ProShares Short S&P500 has a 52-week low of $40.84 and a 52-week high of $50.48. The firm’s fifty day moving average is $42.39 and its 200 day moving average is $42.75.

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.