ProShares Short S&P500 (NYSEARCA:SH) Short Interest Down 62.8% in August

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ProShares Short S&P500 (NYSEARCA:SH) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 460,372 shares, a decline of 62.8% from the August 15th total of 1,235,972 shares. Based on an average trading volume of 2,855,812 shares, the short-interest ratio is currently 0.2 days.

Shares of ProShares Short S&P500 stock traded down $0.40 on Friday, reaching $28.74. The company had a trading volume of 11,966,877 shares, compared to its average volume of 4,154,829. ProShares Short S&P500 has a 52-week low of $27.08 and a 52-week high of $31.83.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Thursday, September 27th were paid a dividend of $0.1081 per share. This is an increase from ProShares Short S&P500’s previous quarterly dividend of $0.04. This represents a $0.43 annualized dividend and a yield of 1.50%. The ex-dividend date was Wednesday, September 26th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in ProShares Short S&P500 during the 1st quarter worth approximately $115,000. Murphy Capital Management Inc. acquired a new position in ProShares Short S&P500 during the 3rd quarter worth approximately $218,000. Oxbow Advisors LLC acquired a new position in ProShares Short S&P500 during the 2nd quarter worth approximately $275,000. SeaBridge Investment Advisors LLC grew its holdings in ProShares Short S&P500 by 38.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,180 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 3,400 shares in the last quarter. Finally, V Wealth Management LLC acquired a new position in ProShares Short S&P500 during the 2nd quarter worth approximately $434,000.

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.

See Also: Beta

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