Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $40.83 and traded as low as $33.44. ProShares UltraPro Short S&P 500 shares last traded at $33.66, with a volume of 6,649,306 shares traded.
ProShares UltraPro Short S&P 500 Price Performance
The business has a fifty day simple moving average of $35.36 and a 200-day simple moving average of $40.72.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SPXU. IMC Chicago LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter worth approximately $17,942,000. Richards Merrill & Peterson Inc. bought a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter worth approximately $511,000. Group One Trading LLC acquired a new position in ProShares UltraPro Short S&P 500 in the 1st quarter valued at approximately $364,000. NewEdge Advisors LLC acquired a new position in ProShares UltraPro Short S&P 500 in the 1st quarter valued at approximately $329,000. Finally, Ramsey Quantitative Systems bought a new position in shares of ProShares UltraPro Short S&P 500 during the second quarter valued at $271,000.
About ProShares UltraPro Short S&P 500
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.
Further Reading
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