Sterling Investment Management LLC Sells 3,003 Shares of ProShares Short S&P500 (NYSEARCA:SH)

Sterling Investment Management LLC cut its holdings in shares of ProShares Short S&P500 (NYSEARCA:SH) by 1.2% during the second quarter, HoldingsChannel.com reports. The fund owned 238,195 shares of the real estate investment trust’s stock after selling 3,003 shares during the period. ProShares Short S&P500 accounts for about 2.6% of Sterling Investment Management LLC’s holdings, making the stock its 7th largest holding. Sterling Investment Management LLC’s holdings in ProShares Short S&P500 were worth $3,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in ProShares Short S&P500 by 35.4% during the first quarter. JPMorgan Chase & Co. now owns 15,323 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 4,002 shares during the last quarter. Raymond James & Associates acquired a new stake in ProShares Short S&P500 during the first quarter worth about $581,000. Cambridge Investment Research Advisors Inc. acquired a new stake in ProShares Short S&P500 during the first quarter worth about $356,000. Private Advisor Group LLC increased its position in ProShares Short S&P500 by 13.7% during the first quarter. Private Advisor Group LLC now owns 28,134 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 3,394 shares during the last quarter. Finally, Bank of Montreal Can increased its position in ProShares Short S&P500 by 448.3% during the first quarter. Bank of Montreal Can now owns 41,232 shares of the real estate investment trust’s stock worth $598,000 after purchasing an additional 33,712 shares during the last quarter.

ProShares Short S&P500 Trading Up 0.7 %

ProShares Short S&P500 stock traded up $0.10 during mid-day trading on Tuesday, hitting $14.16. The company’s stock had a trading volume of 5,125,833 shares, compared to its average volume of 24,839,340. ProShares Short S&P500 has a 1 year low of $13.47 and a 1 year high of $17.71. The stock’s fifty day moving average is $13.88 and its two-hundred day moving average is $14.52.

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.