ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $36.91 and last traded at $36.91, with a volume of 1929167 shares changing hands. The stock had previously closed at $37.88.
ProShares UltraPro Short S&P 500 Price Performance
The firm’s 50-day simple moving average is $47.28 and its 200-day simple moving average is $49.07.
Institutional Investors Weigh In On ProShares UltraPro Short S&P 500
Several large investors have recently added to or reduced their stakes in SPXU. TD Waterhouse Canada Inc. purchased a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $27,000. Optiver Holding B.V. purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter worth approximately $38,000. SBI Securities Co. Ltd. lifted its position in shares of ProShares UltraPro Short S&P 500 by 620.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 4,129 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of ProShares UltraPro Short S&P 500 by 18.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 975 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $155,000.
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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