ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Hits New 12-Month Low at $31.98

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) reached a new 52-week low on Wednesday . The company traded as low as $31.98 and last traded at $31.99, with a volume of 2370194 shares. The stock had previously closed at $32.68.

ProShares UltraPro Short S&P 500 Stock Performance

The business’s 50 day simple moving average is $34.49 and its 200 day simple moving average is $41.26.

Institutional Trading of ProShares UltraPro Short S&P 500

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lane Generational LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter worth $3,771,000. Axxcess Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the fourth quarter worth about $4,286,000. IMC Chicago LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $3,875,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 valued at $3,999,000 after purchasing an additional 449,017 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $2,536,000.

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.