IMC Chicago LLC Buys Shares of 316,218 ProShares UltraPro Short S&P 500 $SPXU

IMC Chicago LLC purchased a new position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 316,218 shares of the exchange traded fund’s stock, valued at approximately $17,942,000.

Several other institutional investors and hedge funds have also modified their holdings of SPXU. Richards Merrill & Peterson Inc. bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at $511,000. SG Americas Securities LLC purchased a new position in ProShares UltraPro Short S&P 500 during the first quarter valued at $155,000. Quadrature Capital Ltd bought a new stake in ProShares UltraPro Short S&P 500 during the fourth quarter valued at about $5,747,000. Squarepoint Ops LLC grew its holdings in ProShares UltraPro Short S&P 500 by 123.3% during the fourth quarter. Squarepoint Ops LLC now owns 7,885 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 41,685 shares during the period. Finally, Capstone Capital Management Ltd purchased a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth about $497,000.

ProShares UltraPro Short S&P 500 Stock Performance

Shares of SPXU opened at $36.05 on Thursday. The business has a 50-day simple moving average of $37.84 and a two-hundred day simple moving average of $45.40. ProShares UltraPro Short S&P 500 has a 52 week low of $35.82 and a 52 week high of $67.48.

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.