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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.75 and traded as low as $12.71. ProShares UltraPro Short S&P 500 shares last traded at $12.91, with a volume of 31,751,534 shares traded.

ProShares UltraPro Short S&P 500 Trading Down 0.9%

The firm has a fifty day moving average price of $13.75 and a 200-day moving average price of $16.75.

Shares of ProShares UltraPro Short S&P 500 are going to reverse split on Thursday, November 20th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.

Institutional Trading of ProShares UltraPro Short S&P 500

Several large investors have recently modified their holdings of SPXU. 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 worth $104,000 after buying an additional 975 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth $27,000. Parallel Advisors LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter worth $46,000. 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 worth $65,000 after buying an additional 4,129 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of ProShares UltraPro Short S&P 500 by 146.0% during the 1st quarter. Larson Financial Group LLC now owns 10,968 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 6,510 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.