Short Interest in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Grows By 48.3%

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,241,483 shares, a growth of 48.3% from the December 31st total of 837,128 shares. Currently, 14.5% of the company’s stock are sold short. Based on an average trading volume of 4,335,560 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 4,335,560 shares, the short-interest ratio is presently 0.3 days. Currently, 14.5% of the company’s stock are sold short.

Institutional Trading of ProShares UltraPro Short S&P 500

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of 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 worth $104,000 after purchasing an additional 975 shares during the last quarter. Bank of America Corp DE purchased a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $177,000. Tidal Investments LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter valued at about $752,000. Tower Research Capital LLC TRC grew its stake in ProShares UltraPro Short S&P 500 by 26.9% in 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. Finally, XTX Topco Ltd purchased a new position in shares of ProShares UltraPro Short S&P 500 during the third quarter worth approximately $1,180,000.

ProShares UltraPro Short S&P 500 Trading Up 1.0%

Shares of SPXU opened at $47.93 on Friday. ProShares UltraPro Short S&P 500 has a 12 month low of $46.65 and a 12 month high of $153.00. The business’s fifty day simple moving average is $49.40 and its two-hundred day simple moving average is $54.53.

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.