ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Share Price Pass Below Two Hundred Day Moving Average – Here’s What Happened

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.44 and traded as low as $39.09. ProShares UltraPro Short S&P 500 shares last traded at $39.72, with a volume of 8,156,931 shares traded.

ProShares UltraPro Short S&P 500 Price Performance

The business’s 50-day moving average price is $48.39 and its 200-day moving average price is $49.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of ProShares UltraPro Short S&P 500 by 18.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after buying an additional 975 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter worth approximately $27,000. SG Americas Securities LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter worth approximately $155,000. Optiver Holding B.V. acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter worth approximately $38,000. Finally, SBI Securities Co. Ltd. boosted its stake in ProShares UltraPro Short S&P 500 by 620.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 4,129 shares in the last quarter.

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.