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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 910,715 shares, a drop of 26.6% from the January 15th total of 1,241,483 shares. Approximately 10.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,429,284 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 6,429,284 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.1% of the shares of the company are short sold.

ProShares UltraPro Short S&P 500 Stock Down 0.0%

SPXU stock opened at $50.14 on Friday. The firm’s 50-day simple moving average is $48.93 and its 200 day simple moving average is $53.56. ProShares UltraPro Short S&P 500 has a fifty-two week low of $46.65 and a fifty-two week high of $153.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of ProShares UltraPro Short S&P 500 by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after buying an additional 975 shares during the period. Clough Capital Partners L P bought a new position in ProShares UltraPro Short S&P 500 during the second quarter worth $2,011,000. Tidal Investments LLC acquired a new position in ProShares UltraPro Short S&P 500 during the 2nd quarter valued at $752,000. Tower Research Capital LLC TRC raised its stake in ProShares UltraPro Short S&P 500 by 26.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 53,831 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 11,397 shares during the last quarter. Finally, Gainplan LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at $4,053,000.

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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