ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Reaches New 52-Week Low – Time to Sell?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as $41.06 and last traded at $41.29, with a volume of 9362463 shares. The stock had previously closed at $42.27.

ProShares UltraPro Short S&P 500 Price Performance

The business has a fifty day moving average of $50.54 and a 200-day moving average of $50.37.

Institutional Trading of ProShares UltraPro Short S&P 500

Several large investors have recently added to or reduced their stakes in SPXU. EverSource Wealth Advisors LLC increased its position in ProShares UltraPro Short S&P 500 by 18.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 975 shares during the period. Clough Capital Partners L P acquired a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter valued at approximately $2,011,000. Tidal Investments LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter valued at approximately $752,000. Tower Research Capital LLC TRC increased its position in ProShares UltraPro Short S&P 500 by 26.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 53,831 shares of the exchange traded fund’s stock valued at $904,000 after acquiring an additional 11,397 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at approximately $27,000.

ProShares UltraPro Short S&P 500 Company Profile

(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.

Further Reading

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