ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s stock price shot up 4.8% on Monday . The company traded as high as $22.62 and last traded at $22.93. 13,916,159 shares were traded during mid-day trading, an increase of 17% from the average session volume of 11,871,638 shares. The stock had previously closed at $21.88.
ProShares UltraPro Short S&P 500 Price Performance
The company’s 50 day moving average is $21.32 and its 200-day moving average is $23.11.
Institutional Trading of ProShares UltraPro Short S&P 500
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cadent Capital Advisors LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the fourth quarter valued at $11,379,000. GTS Securities LLC raised its position 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 worth $4,362,000 after buying an additional 185,645 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $4,112,000. Ridgepath Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $4,112,000. Finally, Headlands Technologies LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the fourth quarter worth approximately $1,627,000.
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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