ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Trading Up 3.4%

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ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating) shares were up 3.4% during mid-day trading on Monday . The stock traded as high as $19.13 and last traded at $19.11. Approximately 264,534 shares traded hands during trading, a decline of 99% from the average daily volume of 28,111,453 shares. The stock had previously closed at $18.48.

The company has a 50 day moving average of $18.62 and a 200-day moving average of $15.97.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brookstone Capital Management raised its position in ProShares UltraPro Short S&P 500 by 187.4% in the 2nd quarter. Brookstone Capital Management now owns 91,181 shares of the exchange traded fund’s stock valued at $1,685,000 after purchasing an additional 59,455 shares in the last quarter. Fortitude Advisory Group L.L.C. acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $149,000. Prentice Capital Management LP acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $8,010,000. Geneos Wealth Management Inc. acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $136,000. Finally, Bramshill Investments LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $397,000.

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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