ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Cross Below 200-Day Moving Average – Here’s Why

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.58 and traded as low as $22.44. ProShares UltraPro Short S&P 500 shares last traded at $22.52, with a volume of 9,672,442 shares traded.

ProShares UltraPro Short S&P 500 Trading Down 1.1 %

The business’s 50-day simple moving average is $24.07 and its two-hundred day simple moving average is $27.58.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

Several institutional investors have recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new position in ProShares UltraPro Short S&P 500 during the 3rd quarter valued at about $287,000. Larson Financial Group LLC bought a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter valued at approximately $301,000. Adalta Capital Management LLC purchased a new position in ProShares UltraPro Short S&P 500 during the first quarter valued at approximately $99,000. GW Henssler & Associates Ltd. increased its holdings in ProShares UltraPro Short S&P 500 by 11.3% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 36,632 shares of the exchange traded fund’s stock worth $888,000 after acquiring an additional 3,730 shares during the period. Finally, DRW Securities LLC bought a new stake in ProShares UltraPro Short S&P 500 during the 3rd quarter worth approximately $1,090,000.

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.