ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Sees Large Increase in Short Interest

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) saw a large growth in short interest in the month of 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. Based on an average trading volume of 4,335,560 shares, the days-to-cover ratio is currently 0.3 days. Currently, 14.5% of the company’s shares are sold short. Currently, 14.5% of the company’s shares are sold short. Based on an average trading volume of 4,335,560 shares, the days-to-cover ratio is currently 0.3 days.

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

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of ProShares UltraPro Short S&P 500 by 16,249.3% during the third quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock worth $4,354,000 after acquiring an additional 320,273 shares during the period. XTX Topco Ltd purchased a new stake in ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $1,180,000. Bank of America Corp DE acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $177,000. Tower Research Capital LLC TRC raised its position in ProShares UltraPro Short S&P 500 by 208.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 166,275 shares of the exchange traded fund’s stock valued at $2,246,000 after purchasing an additional 112,444 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of ProShares UltraPro Short S&P 500 by 25.4% in the 3rd quarter. Jump Financial LLC now owns 547,150 shares of the exchange traded fund’s stock valued at $7,392,000 after buying an additional 110,880 shares during the period.

ProShares UltraPro Short S&P 500 Stock Down 1.5%

NYSEARCA SPXU opened at $47.19 on Tuesday. ProShares UltraPro Short S&P 500 has a 1-year low of $46.65 and a 1-year high of $153.00. The stock has a 50-day moving average of $49.27 and a two-hundred day moving average of $54.33.

About ProShares UltraPro Short S&P 500

(Get Free Report)

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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