ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Share Price Pass Below Two Hundred Day Moving Average – What’s Next?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.48 and traded as low as $20.53. ProShares UltraPro Short S&P 500 shares last traded at $20.62, with a volume of 10,647,925 shares.

ProShares UltraPro Short S&P 500 Trading Down 2.5 %

The business has a 50-day moving average price of $21.61 and a 200 day moving average price of $24.48.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the 3rd quarter valued at $301,000. GW Henssler & Associates Ltd. raised its stake in shares of ProShares UltraPro Short S&P 500 by 11.3% in the third quarter. GW Henssler & Associates Ltd. now owns 36,632 shares of the exchange traded fund’s stock valued at $888,000 after acquiring an additional 3,730 shares during the period. IMC Chicago LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter worth about $2,392,000. Edgestream Partners L.P. purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $287,000. Finally, DRW Securities LLC bought a new position in ProShares UltraPro Short S&P 500 during the 3rd quarter valued at about $1,090,000.

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.