Telemus Capital LLC Sells 65,723 Shares of ProShares Short S&P500 (NYSEARCA:SH)

Telemus Capital LLC reduced its position in shares of ProShares Short S&P500 (NYSEARCA:SHFree Report) by 6.3% in the second quarter, HoldingsChannel reports. The firm owned 981,910 shares of the real estate investment trust’s stock after selling 65,723 shares during the quarter. ProShares Short S&P500 makes up 1.2% of Telemus Capital LLC’s investment portfolio, making the stock its 22nd largest position. Telemus Capital LLC’s holdings in ProShares Short S&P500 were worth $13,629,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SH. UMB Bank n.a. bought a new position in shares of ProShares Short S&P500 during the 1st quarter valued at approximately $37,000. Royal Bank of Canada grew its stake in shares of ProShares Short S&P500 by 1,938.0% during the 1st quarter. Royal Bank of Canada now owns 2,629 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,500 shares during the period. Worth Asset Management LLC purchased a new position in ProShares Short S&P500 in the 1st quarter worth approximately $64,000. Ancora Advisors LLC lifted its holdings in ProShares Short S&P500 by 32.7% in the 1st quarter. Ancora Advisors LLC now owns 4,875 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Archer Investment Corp lifted its holdings in ProShares Short S&P500 by 68.7% in the 1st quarter. Archer Investment Corp now owns 6,056 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 2,467 shares in the last quarter.

ProShares Short S&P500 Stock Up 1.3 %

NYSEARCA SH traded up $0.18 during trading hours on Friday, reaching $14.08. The company’s stock had a trading volume of 20,825,960 shares, compared to its average volume of 25,002,406. The firm’s 50-day moving average price is $13.88 and its 200-day moving average price is $14.55. ProShares Short S&P500 has a 1 year low of $13.47 and a 1 year high of $17.71.

ProShares Short S&P500 Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short S&P500 (NYSEARCA:SHFree Report).

Institutional Ownership by Quarter for ProShares Short S&P500 (NYSEARCA:SH)

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