ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Experiences Surge in Share Value, Reaching $6.93

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Experiences Surge in Share Value, Reaching .93


ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $6.93, but opened at $7.08. ProShares UltraPro Short S&P 500 shares last traded at $7.06, with a volume of 4,576,457 shares changing hands.

ProShares UltraPro Short S&P 500 Stock Performance

The business has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $9.63.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors lifted its position in shares of ProShares UltraPro Short S&P 500 by 6.9% during the 3rd quarter. Captrust Financial Advisors now owns 12,396 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 800 shares during the last quarter. Citigroup Inc. lifted its position in shares of 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 acquiring an additional 3,400 shares during the last quarter. Formidable Asset Management LLC lifted its position in shares of ProShares UltraPro Short S&P 500 by 27.6% during the 2nd quarter. Formidable Asset Management LLC now owns 19,305 shares of the exchange traded fund’s stock valued at $206,000 after acquiring an additional 4,180 shares during the last quarter. Essex LLC lifted its position in shares of ProShares UltraPro Short S&P 500 by 28.0% during the 4th quarter. Essex LLC now owns 22,863 shares of the exchange traded fund’s stock valued at $197,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Credit Suisse AG acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at $94,000.

ProShares UltraPro Short S&P 500 Company Profile

(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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