ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up to $17.56

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ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $17.56, but opened at $17.92. ProShares UltraPro Short S&P 500 shares last traded at $18.30, with a volume of 561,631 shares trading hands.

ProShares UltraPro Short S&P 500 Price Performance

The firm has a 50 day moving average of $16.34 and a two-hundred day moving average of $16.64.

Institutional Trading of ProShares UltraPro Short S&P 500

Several large investors have recently bought and sold shares of the business. 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. HM Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the second quarter valued at about $12,267,000. Prentice Capital Management LP acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the first quarter valued at about $8,010,000. Cadent Capital Advisors LLC boosted its stake in shares of ProShares UltraPro Short S&P 500 by 3.5% during the second quarter. Cadent Capital Advisors LLC now owns 567,589 shares of the exchange traded fund’s stock valued at $11,482,000 after purchasing an additional 19,339 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in shares of ProShares UltraPro Short S&P 500 by 58.4% during the fourth 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.

About ProShares UltraPro Short S&P 500

(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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