Pineridge Advisors LLC Reduces Holdings in ProShares Short S&P500 (NYSEARCA:SH)

Pineridge Advisors LLC trimmed its position in shares of ProShares Short S&P500 (NYSEARCA:SH) by 99.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,963 shares of the real estate investment trust’s stock after selling 1,317,505 shares during the quarter. Pineridge Advisors LLC’s holdings in ProShares Short S&P500 were worth $34,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI purchased a new position in ProShares Short S&P500 during the fourth quarter worth $7,535,000. Bedell Frazier Investment Counselling LLC purchased a new stake in shares of ProShares Short S&P500 during the fourth quarter valued at $1,220,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of ProShares Short S&P500 by 46.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 124,971 shares of the real estate investment trust’s stock valued at $1,623,000 after purchasing an additional 39,467 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of ProShares Short S&P500 by 24.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,500 shares of the real estate investment trust’s stock valued at $848,000 after purchasing an additional 14,000 shares during the period. Finally, Mirador Capital Partners LP boosted its stake in shares of ProShares Short S&P500 by 170.8% during the first quarter. Mirador Capital Partners LP now owns 518,929 shares of the real estate investment trust’s stock valued at $6,154,000 after purchasing an additional 327,329 shares during the period.

ProShares Short S&P500 Stock Down 1.1 %

Shares of SH traded down $0.12 during trading hours on Friday, reaching $11.15. 29,498,038 shares of the company traded hands, compared to its average volume of 22,646,459. ProShares Short S&P500 has a 12-month low of $11.03 and a 12-month high of $15.20. The stock’s fifty day moving average price is $11.42 and its 200 day moving average price is $11.88.

ProShares Short S&P500 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.