Short Interest in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Decreases By 11.9%

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 822,041 shares, a drop of 11.9% from the February 12th total of 933,591 shares. Based on an average daily trading volume, of 6,218,566 shares, the days-to-cover ratio is presently 0.1 days. Currently, 9.2% of the company’s shares are sold short. Currently, 9.2% of the company’s shares are sold short. Based on an average daily trading volume, of 6,218,566 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraPro Short S&P 500 Trading Up 4.2%

SPXU opened at $55.06 on Thursday. 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 50-day moving average price is $49.42 and its 200-day moving average price is $51.74.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in 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 valued at $104,000 after purchasing an additional 975 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth approximately $27,000. Optiver Holding B.V. bought a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth approximately $38,000. SBI Securities Co. Ltd. increased its stake in shares of ProShares UltraPro Short S&P 500 by 620.0% in the third quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 4,129 shares during the period. Finally, Capstone Capital Management Ltd purchased a new position in shares of ProShares UltraPro Short S&P 500 in the fourth quarter worth $497,000.

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.