ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.32 and traded as low as $34.16. ProShares UltraPro Short S&P 500 shares last traded at $34.43, with a volume of 15,335,733 shares trading hands.
ProShares UltraPro Short S&P 500 Stock Performance
The company has a fifty day moving average price of $36.71 and a two-hundred day moving average price of $43.22.
Hedge Funds Weigh In On ProShares UltraPro Short S&P 500
A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in ProShares UltraPro Short S&P 500 by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 975 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $142,000. SG Americas Securities LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $155,000. NewEdge Advisors LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $329,000. Finally, Group One Trading LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $364,000.
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.
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