ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up to $19.95

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ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $19.95, but opened at $20.67. ProShares UltraPro Short S&P 500 shares last traded at $21.04, with a volume of 210,332 shares trading hands.

ProShares UltraPro Short S&P 500 Price Performance

The stock has a 50-day simple moving average of $18.89 and a 200-day simple moving average of $16.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPXU. Cutter & CO Brokerage Inc. grew its holdings in shares of ProShares UltraPro Short S&P 500 by 11.9% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 20,625 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 2,200 shares during the last quarter. Citigroup Inc. grew its holdings in shares of ProShares UltraPro Short S&P 500 by 377.8% during the first quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 3,400 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of ProShares UltraPro Short S&P 500 during the first quarter worth about $91,000. Signaturefd LLC grew its holdings in shares of ProShares UltraPro Short S&P 500 by 36.9% during the first quarter. Signaturefd LLC now owns 25,600 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of ProShares UltraPro Short S&P 500 during the first quarter worth about $136,000.

ProShares UltraPro Short S&P 500 Company Profile

(Get Rating)

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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