ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Break Above 50-Day Moving Average – Here’s Why

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $34.40 and traded as high as $36.72. ProShares UltraPro Short S&P 500 shares last traded at $36.00, with a volume of 14,629,835 shares changing hands.

ProShares UltraPro Short S&P 500 Price Performance

The firm’s 50 day moving average price is $34.40 and its 200-day moving average price is $41.26.

Institutional Trading of ProShares UltraPro Short S&P 500

Hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter worth $142,000. SG Americas Securities LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth about $155,000. Ramsey Quantitative Systems acquired a new position in shares of ProShares UltraPro Short S&P 500 during the second quarter valued at about $271,000. NewEdge Advisors LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter valued at about $329,000. Finally, Group One Trading LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter valued at about $364,000.

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.

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