IMC Chicago LLC acquired a new stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 316,218 shares of the exchange traded fund’s stock, valued at approximately $17,942,000. IMC Chicago LLC owned approximately 2.37% of ProShares UltraPro Short S&P 500 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SPXU. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter valued at $155,000. Bank of America Corp DE purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the third quarter valued at $177,000. Squarepoint Ops LLC boosted its position in shares of ProShares UltraPro Short S&P 500 by 123.3% during the fourth quarter. Squarepoint Ops LLC now owns 7,885 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 41,685 shares during the last quarter. Finally, Capstone Capital Management Ltd bought a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter worth about $497,000.
ProShares UltraPro Short S&P 500 Price Performance
Shares of NYSEARCA:SPXU opened at $36.05 on Thursday. ProShares UltraPro Short S&P 500 has a fifty-two week low of $35.82 and a fifty-two week high of $67.48. The business has a 50-day simple moving average of $37.84 and a two-hundred day simple moving average of $45.40.
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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