ProShares Short S&P 500 (NYSEARCA:SH) Short Interest Update

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,933,768 shares, an increase of 200.1% from the June 30th total of 644,339 shares. Based on an average daily trading volume, of 6,131,002 shares, the days-to-cover ratio is presently 0.3 days. Approximately 7.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nvwm LLC purchased a new stake in shares of ProShares Short S&P 500 in the fourth quarter valued at about $36,000. WFA of San Diego LLC acquired a new position in ProShares Short S&P 500 in the 2nd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares Short S&P 500 in the 4th quarter valued at about $55,000. Atlantic Union Bankshares Corp grew its stake in shares of ProShares Short S&P 500 by 51.1% in the 4th quarter. Atlantic Union Bankshares Corp now owns 1,700 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 575 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in shares of ProShares Short S&P 500 in the 1st quarter valued at approximately $67,000.

ProShares Short S&P 500 Price Performance

NYSEARCA SH opened at $33.42 on Wednesday. The stock’s fifty day moving average is $33.25 and its two-hundred day moving average is $34.98. ProShares Short S&P 500 has a fifty-two week low of $32.70 and a fifty-two week high of $39.85.

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.