Parallel Advisors LLC acquired a new position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,759 shares of the exchange traded fund’s stock, valued at approximately $46,000.
Several other hedge funds also recently made changes to their positions in SPXU. Gainplan LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $1,915,000. Cadent Capital Advisors LLC grew its stake in shares of 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 purchasing an additional 21,997 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of ProShares UltraPro Short S&P 500 by 146.0% in the 1st quarter. Larson Financial Group LLC now owns 10,968 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 6,510 shares during the last quarter. Simplex Trading LLC grew its stake in shares of ProShares UltraPro Short S&P 500 by 338.2% in the 1st quarter. Simplex Trading LLC now owns 48,683 shares of the exchange traded fund’s stock worth $1,242,000 after purchasing an additional 37,574 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $5,441,000.
ProShares UltraPro Short S&P 500 Stock Performance
SPXU stock opened at $13.77 on Friday. ProShares UltraPro Short S&P 500 has a 52-week low of $13.58 and a 52-week high of $38.25. The company’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $19.55.
ProShares UltraPro Short S&P 500 Company Profile
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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