ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up to $15.70

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating)’s share price gapped up prior to trading on Monday . The stock had previously closed at $15.70, but opened at $16.09. ProShares UltraPro Short S&P 500 shares last traded at $16.19, with a volume of 268,026 shares traded.

The company has a 50-day simple moving average of $14.80.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cutter & CO Brokerage Inc. lifted its position in ProShares UltraPro Short S&P 500 by 11.9% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 20,625 shares of the exchange traded fund’s stock worth $257,000 after acquiring an additional 2,200 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of ProShares UltraPro Short S&P 500 by 12.1% in the 4th quarter. JPMorgan Chase & Co. now owns 21,138 shares of the exchange traded fund’s stock valued at $263,000 after buying an additional 2,280 shares during the period. Brookstone Capital Management lifted its holdings in shares of ProShares UltraPro Short S&P 500 by 9.9% in the 4th quarter. Brookstone Capital Management now owns 32,072 shares of the exchange traded fund’s stock valued at $420,000 after buying an additional 2,876 shares during the period. Jackson Hole Capital Partners LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $123,000. Finally, UBS Group AG lifted its holdings in shares of ProShares UltraPro Short S&P 500 by 85,122.2% in the 3rd quarter. UBS Group AG now owns 7,670 shares of the exchange traded fund’s stock valued at $134,000 after buying an additional 7,661 shares during the period.

ProShares UltraPro Short S&P 500 Company Profile (NYSEARCA:SPXU)

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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