ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.32 and traded as low as $23.45. ProShares UltraPro Short S&P 500 shares last traded at $23.90, with a volume of 9,249,565 shares changing hands.
ProShares UltraPro Short S&P 500 Stock Up 2.8 %
The business’s fifty day moving average is $25.63 and its 200-day moving average is $29.32.
Institutional Trading of ProShares UltraPro Short S&P 500
Institutional investors and hedge funds have recently bought and sold shares of the stock. GW Henssler & Associates Ltd. boosted its holdings in ProShares UltraPro Short S&P 500 by 28.6% in the first quarter. GW Henssler & Associates Ltd. now owns 149,539 shares of the exchange traded fund’s stock valued at $966,000 after acquiring an additional 33,241 shares during the last quarter. QCM Cayman Ltd. acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the first quarter worth $75,000. Lane Generational LLC bought a new position in ProShares UltraPro Short S&P 500 during the first quarter worth $3,771,000. Adalta Capital Management LLC acquired a new position in ProShares UltraPro Short S&P 500 in the first quarter valued at $99,000. Finally, Montchanin Asset Management LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $510,000.
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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