ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Sees Large Volume Increase

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating) saw strong trading volume on Thursday . 1,441,366 shares were traded during trading, a decline of 95% from the previous session’s volume of 28,529,422 shares.The stock last traded at $22.31 and had previously closed at $20.55.

The firm’s 50-day simple moving average is $16.82 and its 200 day simple moving average is $15.14.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prentice Capital Management LP purchased a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter valued at approximately $8,010,000. Cadent Capital Advisors LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth about $7,319,000. IMC Chicago LLC boosted its stake in shares of ProShares UltraPro Short S&P 500 by 69.4% during the first quarter. IMC Chicago LLC now owns 839,256 shares of the exchange traded fund’s stock valued at $11,204,000 after purchasing an additional 343,823 shares in the last quarter. DRW Securities LLC acquired a new position in ProShares UltraPro Short S&P 500 during the 1st quarter valued at approximately $3,418,000. Finally, Trellus Management Company LLC purchased a new position in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $1,697,000.

ProShares UltraPro Short S&P 500 Company Profile (NYSEARCA:SPXU)

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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