ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down – Here’s What Happened

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $53.41, but opened at $51.94. ProShares UltraPro Short S&P 500 shares last traded at $51.9080, with a volume of 1,204,529 shares changing hands.

ProShares UltraPro Short S&P 500 Stock Performance

The firm’s 50 day moving average is $52.28 and its 200-day moving average is $59.57.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new position in ProShares UltraPro Short S&P 500 in the third quarter valued at $27,000. Optiver Holding B.V. purchased a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $38,000. Parallel Advisors LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter valued at about $46,000. SBI Securities Co. Ltd. lifted its holdings in shares of ProShares UltraPro Short S&P 500 by 620.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 4,129 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of ProShares UltraPro Short S&P 500 by 18.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 975 shares during the last quarter.

About ProShares UltraPro Short S&P 500

(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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