ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Reaches New 1-Year Low – What’s Next?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $13.26 and last traded at $13.34, with a volume of 21173628 shares traded. The stock had previously closed at $13.37.

ProShares UltraPro Short S&P 500 Stock Down 0.2%

The business has a 50 day moving average of $14.86 and a 200-day moving average of $19.20.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

Several hedge funds have recently modified their holdings of the company. Jump Financial LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the first quarter valued at approximately $17,505,000. Cadent Capital Advisors LLC grew its stake in ProShares UltraPro Short S&P 500 by 4.4% in the 1st quarter. Cadent Capital Advisors LLC now owns 527,078 shares of the exchange traded fund’s stock worth $13,456,000 after acquiring an additional 21,997 shares during the period. Boothbay Fund Management LLC acquired a new position in ProShares UltraPro Short S&P 500 in the 1st quarter valued at $6,548,000. Kovitz Investment Group Partners LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth $5,441,000. Finally, Clough Capital Partners L P acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the second quarter worth $2,011,000.

ProShares UltraPro Short S&P 500 Company Profile

(Get Free Report)

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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