ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up – Still a Buy?

Posted by Matthew Tipps on Apr 7th, 2025

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $33.51, but opened at $36.78. ProShares UltraPro Short S&P 500 shares last traded at $37.94, with a volume of 6,710,429 shares.

ProShares UltraPro Short S&P 500 Stock Performance

The firm’s 50 day moving average price is $23.42 and its two-hundred day moving average price is $22.89.

ProShares UltraPro Short S&P 500 Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.2601 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Trading of ProShares UltraPro Short S&P 500

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cadent Capital Advisors LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 4th quarter worth approximately $11,379,000. GTS Securities LLC raised its stake in 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 purchasing an additional 185,645 shares in the last quarter. Ridgepath Capital Management LLC bought a new stake in ProShares UltraPro Short S&P 500 during the fourth quarter worth about $4,112,000. Axxcess Wealth Management LLC bought a new position in ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $4,112,000. Finally, Headlands Technologies LLC acquired a new position in ProShares UltraPro Short S&P 500 during the fourth quarter valued at approximately $1,627,000.

ProShares UltraPro Short S&P 500 Company Profile

(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.