ProShares Short S&P500 (NYSEARCA:SH) Sees Strong Trading Volume – What’s Next?

ProShares Short S&P500 (NYSEARCA:SH) shares saw unusually-high trading volume on Monday . Approximately 6,413,705 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 4,739,355 shares.The stock last traded at $41.73 and had previously closed at $41.49.

ProShares Short S&P500 Price Performance

The stock’s 50 day moving average is $41.87 and its two-hundred day moving average is $43.50.

Hedge Funds Weigh In On ProShares Short S&P500

A number of large investors have recently modified their holdings of SH. EWG Elevate Inc. acquired a new position in shares of ProShares Short S&P500 during the 3rd quarter worth about $13,825,000. Brookstone Capital Management bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter valued at about $145,000. First National Corp MA ADV raised its holdings in shares of ProShares Short S&P500 by 266.2% in the 3rd quarter. First National Corp MA ADV now owns 1,563,361 shares of the real estate investment trust’s stock valued at $16,962,000 after purchasing an additional 1,136,404 shares during the period. Gunderson Capital Management Inc. bought a new stake in shares of ProShares Short S&P500 in the 3rd quarter valued at about $11,095,000. Finally, ORG Partners LLC raised its holdings in shares of ProShares Short S&P500 by 2.8% in the 3rd quarter. ORG Partners LLC now owns 181,838 shares of the real estate investment trust’s stock valued at $1,973,000 after purchasing an additional 4,956 shares during the period.

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.