ProShares Short S&P500 (NYSEARCA:SH) Stock Price Up 2.2% – What’s Next?

Shares of ProShares Short S&P500 (NYSEARCA:SH) were up 2.2% on Friday . The company traded as high as $44.82 and last traded at $44.86. Approximately 3,763,811 shares were traded during trading, a decline of 38% from the average daily volume of 6,068,714 shares. The stock had previously closed at $43.91.

ProShares Short S&P500 Price Performance

The company has a 50-day simple moving average of $42.56 and a 200-day simple moving average of $42.69.

ProShares Short S&P500 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be paid a $0.3115 dividend. The ex-dividend date is Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Short S&P500

Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of ProShares Short S&P500 in the fourth quarter valued at about $31,000. JPMorgan Chase & Co. purchased a new position in ProShares Short S&P500 during the fourth quarter worth $78,000. Ancora Advisors LLC lifted its position in shares of ProShares Short S&P500 by 29.6% in the fourth quarter. Ancora Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 1,000 shares in the last quarter. Ridgecrest Wealth Partners LLC acquired a new stake in shares of ProShares Short S&P500 during the fourth quarter valued at $229,000. Finally, Larson Financial Group LLC increased its position in ProShares Short S&P500 by 415.8% during the 3rd quarter. Larson Financial Group LLC now owns 5,617 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 4,528 shares in the last quarter.

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.