Axxcess Wealth Management LLC Invests $7.81 Million in ProShares UltraPro Short S&P 500 $SPXU

Axxcess Wealth Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the third quarter, according to its most recent filing with the SEC. The firm purchased 578,358 shares of the exchange traded fund’s stock, valued at approximately $7,814,000. Axxcess Wealth Management LLC owned 1.36% of ProShares UltraPro Short S&P 500 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake 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 in the last quarter. Clough Capital Partners L P bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 2nd quarter valued at $2,011,000. Tidal Investments LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in 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 worth $904,000 after buying an additional 11,397 shares during the period. Finally, Gainplan LLC bought a new position in ProShares UltraPro Short S&P 500 during the third quarter worth about $4,053,000.

ProShares UltraPro Short S&P 500 Price Performance

NYSEARCA:SPXU opened at $49.90 on Wednesday. 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 price of $48.91 and a two-hundred day moving average price of $53.22.

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.