ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Short Interest Down 11.9% in February

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 822,041 shares, a drop of 11.9% from the February 12th total of 933,591 shares. Currently, 9.2% of the shares of the stock are sold short. Based on an average daily volume of 6,218,566 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 6,218,566 shares, the days-to-cover ratio is currently 0.1 days. Currently, 9.2% of the shares of the stock are sold short.

ProShares UltraPro Short S&P 500 Trading Down 0.8%

Shares of ProShares UltraPro Short S&P 500 stock opened at $52.85 on Wednesday. ProShares UltraPro Short S&P 500 has a 1 year low of $46.65 and a 1 year high of $153.00. The company has a 50 day simple moving average of $49.29 and a two-hundred day simple moving average of $51.72.

Institutional Trading of ProShares UltraPro Short S&P 500

A number of hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. bought a new position in ProShares UltraPro Short S&P 500 in the third quarter valued at $27,000. Optiver Holding B.V. bought a new stake in ProShares UltraPro Short S&P 500 during the third quarter worth about $38,000. SBI Securities Co. Ltd. lifted its stake 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 shares of ProShares UltraPro Short S&P 500 by 18.7% in the 2nd 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 in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of ProShares UltraPro Short S&P 500 by 123.3% in the 4th quarter. Squarepoint Ops LLC now owns 7,885 shares of the exchange traded fund’s stock worth $392,000 after purchasing an additional 41,685 shares in the last quarter.

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.