ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up – Here’s Why

Posted by James Quigley on Apr 9th, 2025

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $33.51, but opened at $36.78. ProShares UltraPro Short S&P 500 shares last traded at $37.94, with a volume of 6,710,429 shares trading hands.

ProShares UltraPro Short S&P 500 Stock Down 28.0 %

The business has a fifty day moving average of $24.18 and a 200-day moving average of $23.06.

ProShares UltraPro Short S&P 500 Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.2601 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

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

About ProShares UltraPro Short S&P 500

(Get Free Report)

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.