Kovack Advisors Inc. reduced its position in ProShares Short S&P500 (NYSEARCA:SH – Free Report) by 87.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,796 shares of the real estate investment trust’s stock after selling 75,393 shares during the period. Kovack Advisors Inc.’s holdings in ProShares Short S&P500 were worth $458,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in ProShares Short S&P500 during the 4th quarter worth $31,000. Aptus Capital Advisors LLC acquired a new stake in ProShares Short S&P500 in the third quarter worth about $33,000. Nvwm LLC acquired a new stake in ProShares Short S&P500 in the third quarter worth about $46,000. Larson Financial Group LLC grew its stake in shares of ProShares Short S&P500 by 415.8% during the third quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 4,528 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of ProShares Short S&P500 during the third quarter valued at about $111,000.
ProShares Short S&P500 Trading Down 1.5 %
NYSEARCA:SH opened at $42.24 on Friday. ProShares Short S&P500 has a 12 month low of $40.84 and a 12 month high of $50.48. The firm has a fifty day simple moving average of $41.71 and a 200-day simple moving average of $42.90.
ProShares Short S&P500 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.
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