25,000 Shares in ProShares UltraPro Short S&P 500 $SPXU Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the 3rd quarter, HoldingsChannel reports. The firm acquired 25,000 shares of the exchange traded fund’s stock, valued at approximately $338,000.

A number of other hedge funds have also recently bought and sold shares of the company. IMC Chicago LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter worth $11,702,000. Sollinda Capital Management LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter worth about $9,177,000. Axxcess Wealth Management LLC bought a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter worth about $7,814,000. Ridgepath Capital Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $7,814,000. Finally, JPMorgan Chase & Co. lifted its position in shares of ProShares UltraPro Short S&P 500 by 16,249.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock worth $4,354,000 after buying an additional 320,273 shares in the last quarter.

ProShares UltraPro Short S&P 500 Price Performance

SPXU stock opened at $49.28 on Tuesday. The stock’s fifty day simple moving average is $48.55 and its two-hundred day simple moving average is $52.39. ProShares UltraPro Short S&P 500 has a 1-year low of $46.65 and a 1-year high of $153.00.

ProShares UltraPro Short S&P 500 Company Profile

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.