ProShares Short S&P 500 (NYSEARCA:SH) Stock Short Interest Report for September

ProShares Short S&P 500 (NYSEARCA:SH) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 697,317 shares, a drop of 51.4% from the September 15th total of 1,436,101 shares. Based on an average daily volume of 9,922,362 shares, the short-interest ratio is presently 0.1 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Trading of ProShares Short S&P 500

Several institutional investors and hedge funds have recently modified their holdings of SH. Ascentis Independent Advisors purchased a new position in ProShares Short S&P 500 in the first quarter worth $67,000. Ramsey Quantitative Systems bought a new stake in ProShares Short S&P 500 during the second quarter worth about $158,000. EverSource Wealth Advisors LLC increased its position in shares of ProShares Short S&P 500 by 3,040.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,401 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 5,229 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of ProShares Short S&P 500 during the 1st quarter valued at about $211,000. Finally, Bank of America Corp DE raised its holdings in shares of ProShares Short S&P 500 by 5,420.0% during the 1st quarter. Bank of America Corp DE now owns 6,900 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 6,775 shares in the last quarter.

ProShares Short S&P 500 Trading Up 1.1%

Shares of ProShares Short S&P 500 stock traded up $0.34 during trading on Wednesday, hitting $32.17. The stock had a trading volume of 10,133,005 shares, compared to its average volume of 9,808,109. ProShares Short S&P 500 has a 12 month low of $31.64 and a 12 month high of $39.20. The business’s 50-day moving average is $32.30 and its 200 day moving average is $33.48.

ProShares Short S&P 500 Company Profile

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.