ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $38.52 and last traded at $38.76, with a volume of 8895995 shares traded. The stock had previously closed at $39.02.
ProShares UltraPro Short S&P 500 Trading Down 0.7%
The firm has a fifty day moving average price of $49.78 and a 200 day moving average price of $49.96.
Institutional Investors Weigh In On ProShares UltraPro Short S&P 500
Large investors have recently made changes to their positions in the company. IMC Chicago LLC acquired a new position in ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $17,942,000. Richards Merrill & Peterson Inc. acquired a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $511,000. SG Americas Securities LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the first quarter valued at $155,000. Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the fourth quarter valued at $5,747,000. Finally, Squarepoint Ops LLC boosted its position in shares of ProShares UltraPro Short S&P 500 by 123.3% in the fourth quarter. Squarepoint Ops LLC now owns 7,885 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 41,685 shares during the period.
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.
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