ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Down 3.1% – Should You Sell?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) traded down 3.1% during mid-day trading on Friday . The company traded as low as $26.01 and last traded at $26.34. 4,334,363 shares were traded during mid-day trading, a decline of 66% from the average session volume of 12,770,586 shares. The stock had previously closed at $27.19.

ProShares UltraPro Short S&P 500 Stock Down 6.0 %

The stock’s fifty day simple moving average is $21.96 and its 200-day simple moving average is $23.02.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cadent Capital Advisors LLC bought a new position in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at $11,379,000. GTS Securities LLC increased its stake in shares of ProShares UltraPro Short S&P 500 by 2,456.3% in the fourth quarter. GTS Securities LLC now owns 193,203 shares of the exchange traded fund’s stock valued at $4,362,000 after buying an additional 185,645 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $4,112,000. Ridgepath Capital Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $4,112,000. Finally, Headlands Technologies LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at about $1,627,000.

About ProShares UltraPro Short S&P 500

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for ProShares UltraPro Short S&P 500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short S&P 500 and related companies with MarketBeat.com's FREE daily email newsletter.