ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Up 3.6%

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Rating) shot up 3.6% during trading on Friday . The company traded as high as $15.78 and last traded at $15.71. 11,766,577 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 30,430,465 shares. The stock had previously closed at $15.17.

ProShares UltraPro Short S&P 500 Price Performance

The stock has a 50-day moving average of $14.70 and a 200 day moving average of $16.54.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

A number of large investors have recently bought and sold shares of SPXU. IFP Advisors Inc boosted its position in ProShares UltraPro Short S&P 500 by 750.0% in the 3rd quarter. IFP Advisors Inc now owns 1,700 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 1,500 shares in the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in ProShares UltraPro Short S&P 500 by 200.0% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 3,000 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 2,000 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter worth approximately $73,000. Citigroup Inc. boosted its position in ProShares UltraPro Short S&P 500 by 377.8% in the 1st quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Credit Suisse AG purchased a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter worth approximately $94,000.

ProShares UltraPro Short S&P 500 Company Profile

(Get Rating)

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.