ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Trading Up 4.4%

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating) were up 4.4% on Wednesday . The company traded as high as $17.96 and last traded at $17.89. Approximately 145,802 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 29,471,529 shares. The stock had previously closed at $17.14.

The business has a 50-day moving average price of $15.26 and a two-hundred day moving average price of $14.51.

A number of institutional investors have recently bought and sold shares of SPXU. IMC Chicago LLC boosted its stake in ProShares UltraPro Short S&P 500 by 69.4% in the 1st quarter. IMC Chicago LLC now owns 839,256 shares of the exchange traded fund’s stock worth $11,204,000 after buying an additional 343,823 shares during the last quarter. Prentice Capital Management LP acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter worth about $8,010,000. Cadent Capital Advisors LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter worth about $7,319,000. Flow Traders U.S. LLC lifted its stake in shares of ProShares UltraPro Short S&P 500 by 58.4% in the 4th quarter. Flow Traders U.S. LLC now owns 325,739 shares of the exchange traded fund’s stock valued at $4,055,000 after purchasing an additional 120,085 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth about $3,418,000.

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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