Corient IA LLC Invests $216,000 in ProShares UltraPro Short S&P 500 $SPXU

Corient IA LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 16,000 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Several other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new position in ProShares UltraPro Short S&P 500 during the 3rd quarter worth approximately $27,000. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro Short S&P 500 in the third quarter worth $38,000. SBI Securities Co. Ltd. boosted its holdings in ProShares UltraPro Short S&P 500 by 620.0% during the third quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 4,129 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in ProShares UltraPro Short S&P 500 by 18.7% during the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 975 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. bought a new position in ProShares UltraPro Short S&P 500 in the third quarter valued at $157,000.

ProShares UltraPro Short S&P 500 Trading Down 2.1%

Shares of SPXU stock opened at $49.54 on Thursday. The firm’s fifty day moving average price is $48.61 and its two-hundred day moving average price is $52.30. 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 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.