ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Sets New 52-Week Low – What’s Next?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares reached a new 52-week low on Monday . The stock traded as low as $18.48 and last traded at $18.51, with a volume of 6484087 shares traded. The stock had previously closed at $18.67.

ProShares UltraPro Short S&P 500 Price Performance

The company has a 50-day moving average price of $23.65 and a two-hundred day moving average price of $22.72.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its stake in shares of ProShares UltraPro Short S&P 500 by 146.0% in the 1st quarter. Larson Financial Group LLC now owns 10,968 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 6,510 shares in the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of ProShares UltraPro Short S&P 500 by 121.7% during the fourth quarter. Integrated Advisors Network LLC now owns 23,500 shares of the exchange traded fund’s stock valued at $529,000 after purchasing an additional 12,900 shares during the last quarter. Sollinda Capital Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter worth approximately $612,000. Two Sigma Securities LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter worth approximately $721,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $840,000.

About ProShares UltraPro Short S&P 500

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.