ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Trading 3.7% Higher – Here’s What Happened

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) were up 3.7% during trading on Thursday . The stock traded as high as $27.09 and last traded at $27.12. Approximately 7,330,730 shares traded hands during trading, a decline of 43% from the average daily volume of 12,853,806 shares. The stock had previously closed at $26.14.

ProShares UltraPro Short S&P 500 Stock Performance

The company’s 50-day moving average price is $21.88 and its 200 day moving average price is $23.04.

Institutional Trading of ProShares UltraPro Short S&P 500

Several institutional investors and hedge funds have recently modified their holdings of SPXU. Integrated Advisors Network LLC increased its holdings in ProShares UltraPro Short S&P 500 by 121.7% in the 4th quarter. Integrated Advisors Network LLC now owns 23,500 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 12,900 shares during the last quarter. GTS Securities LLC increased its holdings in ProShares UltraPro Short S&P 500 by 2,456.3% in the 4th quarter. GTS Securities LLC now owns 193,203 shares of the exchange traded fund’s stock valued at $4,362,000 after acquiring an additional 185,645 shares during the last quarter. Two Sigma Securities LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter valued at $721,000. Headlands Technologies LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter valued at $1,627,000. Finally, Axxcess Wealth Management LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter valued at $4,112,000.

ProShares UltraPro Short S&P 500 Company Profile

The Fund seeks daily investment results that correspond to triple the inverse of the daily performance of the Index. The Fund invests in derivatives that it believes should have similar daily return characteristics as triple the inverse of the daily performance of the Index.