Short Interest in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Decreases By 19.7%

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 780,886 shares, a decline of 19.7% from the March 15th total of 972,681 shares. Currently, 8.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,677,517 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraPro Short S&P 500 Stock Performance

SPXU traded down $1.58 during trading on Friday, hitting $43.57. The stock had a trading volume of 13,714,611 shares, compared to its average volume of 7,969,704. The company’s 50-day moving average price is $51.81 and its 200 day moving average price is $51.25. ProShares UltraPro Short S&P 500 has a twelve month low of $43.12 and a twelve month high of $122.00.

ProShares UltraPro Short S&P 500 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.4452 dividend. This represents a $1.78 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, March 25th.

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

Several institutional investors have recently made changes to their positions in SPXU. EverSource Wealth Advisors LLC lifted its stake 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 period. Clough Capital Partners L P acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the second quarter valued at about $2,011,000. Tidal Investments LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the second quarter valued at about $752,000. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraPro Short S&P 500 by 26.9% in the second quarter. Tower Research Capital LLC TRC now owns 53,831 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 11,397 shares during the period. Finally, Gainplan LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the third quarter valued at about $4,053,000.

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.