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J.P. Morgan's Kolanovic says the correction in stocks isn't finished yet
Seeking Alpha News (Mon, 22-Apr 4:40 PM ET)
U.S. equities see the largest net buying since late February - GS
Seeking Alpha News (Mon, 22-Apr 3:07 PM ET)
The S&P 500 pullback may not be totally over – RBC Capital Markets
Seeking Alpha News (Mon, 22-Apr 11:18 AM ET)
S&P 500 drops below 5,000 for first time in two months
Seeking Alpha News (Fri, 19-Apr 11:18 AM ET)
ProShares Short S&P500 seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the S&P500 Index.
ProShares Short S&P500 trades on the ARCA stock market under the symbol SH.
As of April 24, 2024, SH stock price declined to $12.33 with 17,803,282 million shares trading.
SH has a beta of -1.00, meaning it tends to be less sensitive to market movements. SH has a correlation of 1.00 to the broad based SPY ETF.
SH has a market cap of $1.08 billion. This is considered a Small Cap stock.
In the last 3 years, SH stock traded as high as $17.71 and as low as $11.81.
SH has underperformed the market in the last year with a return of -12.7%, while the SPY ETF gained +24.2%. In the last 3 month period, SH fell short of the market, returning -2.5%, while SPY returned +4.6%. However, in the most recent 2 weeks SH has outperformed the stock market by returning +2.9%, while SPY returned -2.7%.
SH support price is $12.23 and resistance is $12.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SH stock will trade within this expected range on the day.