ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Up 4.7%

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ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating) shot up 4.7% during mid-day trading on Friday . The stock traded as high as $15.18 and last traded at $15.08. 1,108,114 shares traded hands during trading, a decline of 96% from the average session volume of 27,858,037 shares. The stock had previously closed at $14.40.

ProShares UltraPro Short S&P 500 Stock Performance

The company’s fifty day moving average is $17.19 and its 200-day moving average is $16.49.

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

Large investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new position in ProShares UltraPro Short S&P 500 during the 2nd quarter valued at $73,000. Citigroup Inc. raised its stake in ProShares UltraPro Short S&P 500 by 377.8% during the 1st quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 3,400 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $91,000. Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short S&P 500 during the 2nd quarter valued at $202,000. Finally, Geneos Wealth Management Inc. acquired a new position in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $136,000.

ProShares UltraPro Short S&P 500 Company Profile

(Get Rating)

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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