ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $18.48 and last traded at $18.51, with a volume of 6484087 shares. The stock had previously closed at $18.67.
ProShares UltraPro Short S&P 500 Trading Down 0.2%
The firm’s fifty day simple moving average is $23.65 and its two-hundred day simple moving average is $22.72.
Institutional Trading of ProShares UltraPro Short S&P 500
Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its position in ProShares UltraPro Short S&P 500 by 146.0% during the 1st quarter. Larson Financial Group LLC now owns 10,968 shares of the exchange traded fund’s stock valued at $280,000 after purchasing an additional 6,510 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in ProShares UltraPro Short S&P 500 by 121.7% in the fourth quarter. Integrated Advisors Network LLC now owns 23,500 shares of the exchange traded fund’s stock worth $529,000 after acquiring an additional 12,900 shares during the period. Sollinda Capital Management LLC bought a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth about $612,000. Two Sigma Securities LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at about $721,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $840,000.
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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