ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Cross Below 200-Day Moving Average – Here’s Why

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.76 and traded as low as $21.12. ProShares UltraPro Short S&P 500 shares last traded at $21.32, with a volume of 9,960,180 shares traded.

ProShares UltraPro Short S&P 500 Stock Performance

The firm’s 50-day moving average is $21.83 and its 200 day moving average is $24.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cadent Capital Advisors LLC bought a new position in ProShares UltraPro Short S&P 500 during the 4th quarter valued at $11,379,000. Edgestream Partners L.P. acquired a new position in ProShares UltraPro Short S&P 500 during the 3rd quarter valued at about $287,000. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter valued at about $1,090,000. Larson Financial Group LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth about $301,000. Finally, IMC Chicago LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth about $2,392,000.

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.

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