ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Pass Below 200 Day Moving Average of $30.96

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.96 and traded as low as $24.88. ProShares UltraPro Short S&P 500 shares last traded at $25.17, with a volume of 14,547,549 shares trading hands.

ProShares UltraPro Short S&P 500 Stock Performance

The company’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $30.90.

Institutional Trading of ProShares UltraPro Short S&P 500

Several hedge funds have recently bought and sold shares of SPXU. QCM Cayman Ltd. acquired a new stake in ProShares UltraPro Short S&P 500 in the 1st quarter worth about $75,000. Adalta Capital Management LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the first quarter valued at about $99,000. GW Henssler & Associates Ltd. raised its stake in shares of ProShares UltraPro Short S&P 500 by 28.6% during the 1st quarter. GW Henssler & Associates Ltd. now owns 149,539 shares of the exchange traded fund’s stock worth $966,000 after purchasing an additional 33,241 shares during the period. Integrated Advisors Network LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 4th quarter worth $298,000. Finally, Vima LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the first quarter worth $441,000.

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.