ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down – What’s Next?

Posted by Lauren Steadman on May 27th, 2025

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.62, but opened at $19.89. ProShares UltraPro Short S&P 500 shares last traded at $19.79, with a volume of 1,480,180 shares.

ProShares UltraPro Short S&P 500 Stock Performance

The business has a 50-day moving average price of $24.65 and a 200 day moving average price of $22.90.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXU. Larson Financial Group LLC grew its holdings in ProShares UltraPro Short S&P 500 by 146.0% during the first quarter. Larson Financial Group LLC now owns 10,968 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 6,510 shares during the last quarter. Integrated Advisors Network LLC grew its position in ProShares UltraPro Short S&P 500 by 121.7% during the 4th quarter. Integrated Advisors Network LLC now owns 23,500 shares of the exchange traded fund’s stock worth $529,000 after acquiring an additional 12,900 shares during the last quarter. Sollinda Capital Management LLC bought a new stake in ProShares UltraPro Short S&P 500 during the 4th quarter worth about $612,000. Two Sigma Securities LLC bought a new position in ProShares UltraPro Short S&P 500 in the 4th quarter valued at $721,000. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter worth $840,000.

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.