ProShares Short S&P 500 Sees Significant Inflow of $283.9 Million

Today, we highlight the week-over-week changes in shares outstanding among ETFs, focusing on the ProShares Short S&P 500 (Symbol: SH). Notably, this ETF experienced an inflow of approximately $283.9 million, marking a remarkable 23.3% increase in outstanding units—from 26,888,420 to 33,163,420.

The chart below illustrates the one-year price performance of SH in relation to its 200-day moving average:

According to the chart, SH’s lowest point in the past 52 weeks was $40.839 per share, while its highest was $51.3706. The most recent trade closed at $46.33. Evaluating the latest share price against the 200-day moving average can serve as a valuable technical analysis tool—learn more about the 200-day moving average here.

Exchange-traded funds (ETFs) operate similarly to stocks. However, investors buy and sell “units” instead of “shares.” These units can be traded back and forth like stocks, but they can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (indicating many new units created) or outflows (reflecting many units destroyed). When new units are created, the ETF must purchase the underlying holdings, while unit destruction involves selling these holdings. Therefore, substantial flows may impact the individual components within the ETFs. Learn more here.

Click here to discover which 9 additional ETFs experienced notable inflows »

Also see:

• DVY Average Annual Return
• INTL Options Chain
• EMCF Shares Outstanding History

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.