ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Up 11.5% – Time to Buy?

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) traded up 11.5% during trading on Thursday . The stock traded as high as $27.43 and last traded at $27.67. 4,450,073 shares were traded during mid-day trading, a decline of 54% from the average session volume of 9,739,983 shares. The stock had previously closed at $24.82.

ProShares UltraPro Short S&P 500 Stock Up 18.2 %

The business’s fifty day moving average is $23.17 and its two-hundred day moving average is $22.88.

ProShares UltraPro Short S&P 500 Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.2601 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of ProShares UltraPro Short S&P 500

Several hedge funds have recently modified their holdings of the stock. Cadent Capital Advisors LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter valued at about $11,379,000. GTS Securities LLC raised its holdings in ProShares UltraPro Short S&P 500 by 2,456.3% in the fourth quarter. GTS Securities LLC now owns 193,203 shares of the exchange traded fund’s stock valued at $4,362,000 after acquiring an additional 185,645 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in ProShares UltraPro Short S&P 500 in the fourth quarter worth approximately $4,112,000. Ridgepath Capital Management LLC acquired a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth approximately $4,112,000. Finally, Headlands Technologies LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at approximately $1,627,000.

ProShares UltraPro Short S&P 500 Company 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.