ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Sets New 52-Week Low – Here’s Why

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares reached a new 52-week low on Friday . The stock traded as low as $42.89 and last traded at $42.9440, with a volume of 4901753 shares traded. The stock had previously closed at $43.90.

ProShares UltraPro Short S&P 500 Trading Down 1.9%

The business has a 50-day simple moving average of $51.37 and a 200-day simple moving average of $50.91.

Institutional Trading of ProShares UltraPro Short S&P 500

Several large investors have recently modified their holdings of SPXU. TD Waterhouse Canada Inc. bought a new position in ProShares UltraPro Short S&P 500 in the 3rd quarter worth $27,000. SG Americas Securities LLC bought a new stake in ProShares UltraPro Short S&P 500 during the first quarter valued at about $155,000. Optiver Holding B.V. bought a new stake in ProShares UltraPro Short S&P 500 during the third quarter valued at about $38,000. SBI Securities Co. Ltd. boosted its holdings in ProShares UltraPro Short S&P 500 by 620.0% during the third quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 4,129 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of ProShares UltraPro Short S&P 500 by 18.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 975 shares during the last quarter.

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.