ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stake Boosted by Financial Partners Group Inc

Financial Partners Group Inc increased its position in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,230 shares of the exchange traded fund’s stock after purchasing an additional 1,621 shares during the quarter. Financial Partners Group Inc’s holdings in ProShares UltraPro Short S&P 500 were worth $381,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in ProShares UltraPro Short S&P 500 by 6.9% during the third quarter. Captrust Financial Advisors now owns 12,396 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 800 shares during the last quarter. Formidable Asset Management LLC increased its position in ProShares UltraPro Short S&P 500 by 9.0% in the first quarter. Formidable Asset Management LLC now owns 15,125 shares of the exchange traded fund’s stock worth $204,000 after buying an additional 1,245 shares during the period. HighTower Advisors LLC increased its holdings in shares of ProShares UltraPro Short S&P 500 by 8.0% during the fourth quarter. HighTower Advisors LLC now owns 19,018 shares of the exchange traded fund’s stock valued at $320,000 after purchasing an additional 1,406 shares during the period. Montchanin Asset Management LLC raised its stake in shares of ProShares UltraPro Short S&P 500 by 2.3% during the fourth quarter. Montchanin Asset Management LLC now owns 95,668 shares of the exchange traded fund’s stock valued at $1,672,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of ProShares UltraPro Short S&P 500 by 377.8% during the first quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 3,400 shares in the last quarter.

ProShares UltraPro Short S&P 500 Price Performance

Shares of NYSEARCA SPXU traded down $0.03 during midday trading on Friday, reaching $10.35. 18,486,025 shares of the company traded hands, compared to its average volume of 25,589,965. ProShares UltraPro Short S&P 500 has a 52 week low of $9.66 and a 52 week high of $23.86. The stock has a 50-day moving average price of $10.60 and a 200 day moving average price of $12.54.

ProShares UltraPro Short S&P 500 Profile

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.