ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Pass Below 200-Day Moving Average – What’s Next?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.92 and traded as low as $33.35. ProShares UltraPro Short S&P 500 shares last traded at $33.60, with a volume of 4,558,131 shares traded.

ProShares UltraPro Short S&P 500 Price Performance

The business has a 50 day moving average price of $37.30 and a 200 day moving average price of $43.81.

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

Large investors have recently bought and sold shares of the company. IMC Chicago LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at $17,942,000. SG Americas Securities LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter worth $155,000. Richards Merrill & Peterson Inc. bought a new position in ProShares UltraPro Short S&P 500 during the first quarter worth about $511,000. Capstone Capital Management Ltd bought a new position in ProShares UltraPro Short S&P 500 during the fourth quarter worth about $497,000. Finally, NewEdge Advisors LLC bought a new position in ProShares UltraPro Short S&P 500 during the first quarter worth about $329,000.

About ProShares UltraPro Short S&P 500

(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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