ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down to $18.24

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $18.24, but opened at $17.41. ProShares UltraPro Short S&P 500 shares last traded at $17.56, with a volume of 180,116 shares trading hands.

The business’s 50-day moving average price is $15.24 and its 200-day moving average price is $14.49.

Several large investors have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in ProShares UltraPro Short S&P 500 by 377.8% during the 1st quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 3,400 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at approximately $91,000. UBS Group AG raised its position in shares of ProShares UltraPro Short S&P 500 by 85,122.2% during the 3rd quarter. UBS Group AG now owns 7,670 shares of the exchange traded fund’s stock valued at $134,000 after acquiring an additional 7,661 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in ProShares UltraPro Short S&P 500 during the 1st quarter worth $136,000. Finally, David R. Rahn & Associates Inc. bought a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth $156,000.

About ProShares UltraPro Short S&P 500 (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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