ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Hits New 1-Year Low – What’s Next?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $36.91 and last traded at $36.91, with a volume of 1929167 shares. The stock had previously closed at $37.88.

ProShares UltraPro Short S&P 500 Stock Down 1.8%

The business’s fifty day moving average price is $47.28 and its two-hundred day moving average price is $49.07.

Institutional Trading of ProShares UltraPro Short S&P 500

A number of large investors have recently made changes to their positions in the business. IMC Chicago LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $11,702,000. Sollinda Capital Management LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $9,177,000. Axxcess Wealth Management LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $7,814,000. JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraPro Short S&P 500 by 16,249.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock worth $4,354,000 after purchasing an additional 320,273 shares during the period. Finally, Clough Capital Partners L P purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter worth about $2,011,000.

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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