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

Posted by Alphonse Anthony on Apr 8th, 2025

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $33.74, but opened at $30.25. ProShares UltraPro Short S&P 500 shares last traded at $30.10, with a volume of 2,784,994 shares changing hands.

ProShares UltraPro Short S&P 500 Stock Down 4.0 %

The firm’s 50-day moving average price is $23.42 and its 200 day moving average price is $22.89.

ProShares UltraPro Short S&P 500 Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a $0.2601 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Integrated Advisors Network LLC grew its position in shares of ProShares UltraPro Short S&P 500 by 121.7% in the 4th quarter. Integrated Advisors Network LLC now owns 23,500 shares of the exchange traded fund’s stock valued at $529,000 after buying an additional 12,900 shares during the last quarter. Sollinda Capital Management LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the fourth quarter worth approximately $612,000. Two Sigma Securities LLC bought a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $721,000. Headlands Technologies LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 4th quarter valued at approximately $1,627,000. Finally, Axxcess Wealth Management LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 4th quarter valued at approximately $4,112,000.

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.