ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report)’s stock is scheduled to reverse split before the market opens on Thursday, November 20th. The 1-4 reverse split was announced on Tuesday, November 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.
ProShares UltraPro Short S&P 500 Price Performance
Shares of SPXU opened at $13.24 on Friday. ProShares UltraPro Short S&P 500 has a 1-year low of $12.22 and a 1-year high of $38.25. The firm has a 50 day simple moving average of $13.46 and a 200-day simple moving average of $16.14.
Hedge Funds Weigh In On ProShares UltraPro Short S&P 500
Institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth $27,000. Parallel Advisors LLC acquired a new position in ProShares UltraPro Short S&P 500 in the 2nd quarter valued at about $46,000. Optiver Holding B.V. acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $38,000. SBI Securities Co. Ltd. grew its holdings in shares of 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 buying an additional 4,129 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of ProShares UltraPro Short S&P 500 by 18.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after buying an additional 975 shares during the last quarter.
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.
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