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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $42.44 and last traded at $42.2250, with a volume of 6114012 shares changing hands. The stock had previously closed at $43.37.

ProShares UltraPro Short S&P 500 Stock Down 2.9%

The company has a 50 day moving average of $50.83 and a 200-day moving average of $50.59.

Institutional Trading of ProShares UltraPro Short S&P 500

A number of institutional investors have recently modified their holdings of SPXU. TD Waterhouse Canada Inc. bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter valued at $27,000. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter valued at $38,000. SBI Securities Co. Ltd. lifted its position in shares of ProShares UltraPro Short S&P 500 by 620.0% during the 3rd 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. EverSource Wealth Advisors LLC lifted its position in shares of ProShares UltraPro Short S&P 500 by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 975 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at $155,000.

About ProShares UltraPro Short S&P 500

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.