ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Pass Below Two Hundred Day Moving Average of $30.53

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.53 and traded as low as $24.19. ProShares UltraPro Short S&P 500 shares last traded at $24.54, with a volume of 7,258,165 shares changing hands.

ProShares UltraPro Short S&P 500 Trading Up 0.7 %

The stock has a 50-day moving average of $27.81 and a 200 day moving average of $30.53.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

A number of hedge funds have recently modified their holdings of the stock. QCM Cayman Ltd. bought a new position in ProShares UltraPro Short S&P 500 during the first quarter valued at $75,000. Adalta Capital Management LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at $99,000. Integrated Advisors Network LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 4th quarter worth about $298,000. Vima LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the first quarter valued at about $441,000. Finally, Montchanin Asset Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at $510,000.

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.