ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Down 4.1% – What’s Next?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)’s stock price traded down 4.1% on Monday . The stock traded as low as $53.77 and last traded at $53.8080. 5,527,425 shares traded hands during trading, an increase of 1% from the average session volume of 5,473,871 shares. The stock had previously closed at $56.11.

ProShares UltraPro Short S&P 500 Trading Down 4.4%

The company has a fifty day moving average of $53.62 and a two-hundred day moving average of $63.12.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new stake in ProShares UltraPro Short S&P 500 in the second quarter worth about $46,000. GW Henssler & Associates Ltd. grew its stake in shares of ProShares UltraPro Short S&P 500 by 31.5% during the first quarter. GW Henssler & Associates Ltd. now owns 48,185 shares of the exchange traded fund’s stock valued at $1,230,000 after buying an additional 11,553 shares during the last quarter. Beacon Financial Group purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the second quarter worth approximately $371,000. Simplex Trading LLC raised its holdings in shares of ProShares UltraPro Short S&P 500 by 338.2% in the first quarter. Simplex Trading LLC now owns 48,683 shares of the exchange traded fund’s stock worth $1,242,000 after buying an additional 37,574 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth approximately $929,000.

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.