IMC Chicago LLC Invests $11.70 Million in ProShares UltraPro Short S&P 500 $SPXU

IMC Chicago LLC bought a new position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 866,205 shares of the exchange traded fund’s stock, valued at approximately $11,702,000. IMC Chicago LLC owned about 2.01% of ProShares UltraPro Short S&P 500 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new stake in ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its holdings in ProShares UltraPro Short S&P 500 by 18.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 975 shares in the last quarter. PUREfi Wealth LLC purchased a new position in ProShares UltraPro Short S&P 500 in the third quarter valued at approximately $235,000. Tidal Investments LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 2nd quarter valued at $752,000. Finally, Tower Research Capital LLC TRC raised its stake in ProShares UltraPro Short S&P 500 by 26.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 53,831 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 11,397 shares in the last quarter.

ProShares UltraPro Short S&P 500 Trading Down 1.5%

SPXU stock opened at $47.19 on Tuesday. ProShares UltraPro Short S&P 500 has a 12 month low of $46.65 and a 12 month high of $153.00. The company has a fifty day moving average price of $49.27 and a 200 day moving average price of $54.33.

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.