ProShares Large Cap Core Plus (BATS:CSM) Trading Down 1.2% – Here’s Why

ProShares Large Cap Core Plus (BATS:CSM) were down 1.2% during mid-day trading on Wednesday . The company traded as low as $76.29 and last traded at $76.29. Approximately 3,725 shares traded hands during trading, a decline of 61% from the average daily volume of 9,452 shares. The stock had previously closed at $77.21.

ProShares Large Cap Core Plus Price Performance

The business’s 50 day moving average price is $79.02 and its 200 day moving average price is $78.11. The stock has a market capitalization of $482.92 million, a P/E ratio of 20.56 and a beta of 1.02.

Institutional Investors Weigh In On ProShares Large Cap Core Plus

A number of hedge funds have recently added to or reduced their stakes in CSM. J.W. Cole Advisors Inc. boosted its position in ProShares Large Cap Core Plus by 4.1% in the second quarter. J.W. Cole Advisors Inc. now owns 6,472 shares of the company’s stock worth $456,000 after purchasing an additional 255 shares during the last quarter. Cerity Partners LLC increased its position in shares of ProShares Large Cap Core Plus by 1.0% during the 2nd quarter. Cerity Partners LLC now owns 29,970 shares of the company’s stock valued at $2,112,000 after purchasing an additional 296 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of ProShares Large Cap Core Plus in the 4th quarter worth approximately $25,000. JPMorgan Chase & Co. bought a new position in shares of ProShares Large Cap Core Plus in the 2nd quarter worth approximately $26,000. Finally, Duncan Williams Asset Management LLC boosted its holdings in shares of ProShares Large Cap Core Plus by 1.8% in the fourth quarter. Duncan Williams Asset Management LLC now owns 31,712 shares of the company’s stock worth $2,506,000 after buying an additional 550 shares during the last quarter.

ProShares Large Cap Core Plus Company Profile

The ProShares Large Cap Core Plus (CSM) is an exchange-traded fund that is based on the Credit Suisse 130\u002F30 Large Cap index. The fund tracks a long\u002Fshort index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. CSM was launched on Jul 14, 2009 and is managed by ProShares.