ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down to $16.46

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ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.46, but opened at $16.04. ProShares UltraPro Short S&P 500 shares last traded at $16.07, with a volume of 220,991 shares traded.

ProShares UltraPro Short S&P 500 Stock Performance

The stock has a 50-day moving average price of $16.55 and a 200 day moving average price of $16.59.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of ProShares UltraPro Short S&P 500 by 377.8% during the first quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 3,400 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the second quarter worth approximately $73,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the first quarter worth approximately $91,000. Geneos Wealth Management Inc. acquired a new position in ProShares UltraPro Short S&P 500 during the first quarter worth $136,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in ProShares UltraPro Short S&P 500 during the first quarter worth $149,000.

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.

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