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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.08 and traded as low as $33.91. ProShares UltraPro Short S&P 500 shares last traded at $34.25, with a volume of 3,453,184 shares.

ProShares UltraPro Short S&P 500 Trading Up 1.3%

The company has a fifty day simple moving average of $35.84 and a two-hundred day simple moving average of $42.08.

Institutional Trading of ProShares UltraPro Short S&P 500

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in ProShares UltraPro Short S&P 500 by 16,249.3% in the third quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock valued at $4,354,000 after acquiring an additional 320,273 shares in the last quarter. IMC Chicago LLC acquired a new position in ProShares UltraPro Short S&P 500 during the 1st quarter worth approximately $17,942,000. Clough Capital Partners L P purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 2nd quarter valued at approximately $2,011,000. Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at approximately $5,747,000. Finally, Tower Research Capital LLC TRC increased its position in shares of ProShares UltraPro Short S&P 500 by 208.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 166,275 shares of the exchange traded fund’s stock valued at $2,246,000 after purchasing an additional 112,444 shares during the last quarter.

About ProShares UltraPro Short S&P 500

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.