Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $37.70 and traded as high as $39.01. ProShares UltraPro Short S&P 500 shares last traded at $38.55, with a volume of 7,838,832 shares traded.
ProShares UltraPro Short S&P 500 Trading Down 0.1%
The business has a fifty day moving average price of $37.69 and a 200-day moving average price of $44.87.
Institutional Trading of ProShares UltraPro Short S&P 500
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in ProShares UltraPro Short S&P 500 by 16,249.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock worth $4,354,000 after acquiring an additional 320,273 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $17,942,000. Clough Capital Partners L P bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 2nd quarter valued at $2,011,000. Quadrature Capital Ltd bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at $5,747,000. Finally, Tower Research Capital LLC TRC increased its position in shares of ProShares UltraPro Short S&P 500 by 208.9% during the third quarter. Tower Research Capital LLC TRC now owns 166,275 shares of the exchange traded fund’s stock worth $2,246,000 after buying an additional 112,444 shares during the period.
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.
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