ProShares Short S&P500 (SH) Sees Large Growth in Short Interest

ProShares Short S&P500 (NYSEARCA:SH) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,780,344 shares, an increase of 49.0% from the October 13th total of 1,195,204 shares. Based on an average trading volume of 1,463,867 shares, the days-to-cover ratio is presently 1.2 days.

A number of hedge funds have recently modified their holdings of SH. Bank of New York Mellon Corp lifted its position in ProShares Short S&P500 by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 12,940 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 756 shares during the period. Lesa Sroufe & Co lifted its position in ProShares Short S&P500 by 1.2% in the second quarter. Lesa Sroufe & Co now owns 142,252 shares of the real estate investment trust’s stock worth $4,765,000 after purchasing an additional 1,715 shares during the period. Peak Asset Management LLC lifted its position in ProShares Short S&P500 by 30.0% in the second quarter. Peak Asset Management LLC now owns 7,578 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 1,751 shares during the period. JPMorgan Chase & Co. lifted its position in ProShares Short S&P500 by 204.7% in the third quarter. JPMorgan Chase & Co. now owns 3,099 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 2,082 shares during the period. Finally, Sei Investments Co. lifted its position in ProShares Short S&P500 by 213.3% in the second quarter. Sei Investments Co. now owns 3,327 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 2,265 shares during the period.

Shares of ProShares Short S&P500 (SH) opened at $31.32 on Tuesday. ProShares Short S&P500 has a fifty-two week low of $31.18 and a fifty-two week high of $38.12.

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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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