ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Up 3.6%

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Rating) shares rose 3.6% on Friday . The stock traded as high as $15.78 and last traded at $15.71. Approximately 11,766,577 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 30,430,465 shares. The stock had previously closed at $15.17.

ProShares UltraPro Short S&P 500 Stock Performance

The firm’s 50 day simple moving average is $14.70 and its 200 day simple moving average is $16.54.

Institutional Trading of ProShares UltraPro Short S&P 500

A number of large investors have recently made changes to their positions in the stock. Montchanin Asset Management LLC boosted its stake in shares of ProShares UltraPro Short S&P 500 by 2.3% during the fourth quarter. Montchanin Asset Management LLC now owns 95,668 shares of the exchange traded fund’s stock valued at $1,672,000 after purchasing an additional 2,127 shares during the period. CI Private Wealth LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth about $1,091,000. DRW Securities LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth about $2,652,000. IPG Investment Advisors LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth about $270,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth about $184,000.

ProShares UltraPro Short S&P 500 Company Profile

(Get Rating)

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.