ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Cross Below 200-Day Moving Average of $43.11

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.11 and traded as low as $36.05. ProShares UltraPro Short S&P 500 shares last traded at $36.26, with a volume of 6,571,426 shares changing hands.

ProShares UltraPro Short S&P 500 Stock Performance

The business has a 50-day moving average of $34.83 and a 200 day moving average of $42.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Axxcess Wealth Management LLC acquired a new position in ProShares UltraPro Short S&P 500 in the fourth quarter valued at $4,286,000. Tower Research Capital LLC TRC increased its position in ProShares UltraPro Short S&P 500 by 2,805.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 465,023 shares of the exchange traded fund’s stock worth $3,999,000 after purchasing an additional 449,017 shares in the last quarter. IMC Chicago LLC purchased a new position in ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $3,875,000. Jump Financial LLC acquired a new position in ProShares UltraPro Short S&P 500 during the fourth quarter valued at approximately $2,536,000. Finally, Simplex Trading LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the third quarter worth approximately $2,245,000.

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.