ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down to $22.52

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $22.52, but opened at $21.99. ProShares UltraPro Short S&P 500 shares last traded at $22.19, with a volume of 466,005 shares traded.

The stock’s 50 day moving average is $17.00 and its two-hundred day moving average is $15.20.

Large investors have recently bought and sold shares of the business. IMC Chicago LLC lifted its position in ProShares UltraPro Short S&P 500 by 69.4% during the first quarter. IMC Chicago LLC now owns 839,256 shares of the exchange traded fund’s stock valued at $11,204,000 after buying an additional 343,823 shares in the last quarter. Prentice Capital Management LP bought a new stake in ProShares UltraPro Short S&P 500 during the first quarter valued at $8,010,000. Cadent Capital Advisors LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter worth about $7,319,000. Flow Traders U.S. LLC grew its position in shares of ProShares UltraPro Short S&P 500 by 58.4% during the fourth quarter. Flow Traders U.S. LLC now owns 325,739 shares of the exchange traded fund’s stock worth $4,055,000 after acquiring an additional 120,085 shares during the last quarter. Finally, DRW Securities LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter worth about $3,418,000.

ProShares UltraPro Short S&P 500 Company Profile (NYSEARCA:SPXU)

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.

Further Reading

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