ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $34.40 and traded as high as $36.72. ProShares UltraPro Short S&P 500 shares last traded at $36.00, with a volume of 14,629,835 shares changing hands.
ProShares UltraPro Short S&P 500 Stock Up 5.4%
The firm has a fifty day simple moving average of $34.40 and a 200 day simple moving average of $41.26.
Institutional Trading of ProShares UltraPro Short S&P 500
A number of institutional investors and hedge funds have recently modified their holdings of the company. Optiver Holding B.V. bought a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at $142,000. SG Americas Securities LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth about $155,000. NewEdge Advisors LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth about $329,000. Group One Trading LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at about $364,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter valued at about $271,000.
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.
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