ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Hits New 12-Month Low at $7.55

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) reached a new 52-week low on Thursday . The company traded as low as $7.55 and last traded at $7.57, with a volume of 16180932 shares. The stock had previously closed at $7.58.

ProShares UltraPro Short S&P 500 Trading Down 0.1 %

The stock has a 50-day moving average price of $8.73 and a 200 day moving average price of $10.25.

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

A number of institutional investors and hedge funds have recently made changes to their positions in SPXU. Bank of New York Mellon Corp acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth $202,000. Citigroup Inc. lifted its stake in shares of ProShares UltraPro Short S&P 500 by 377.8% in the first quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 3,400 shares during the period. Geneos Wealth Management Inc. acquired a new position in ProShares UltraPro Short S&P 500 during the first quarter worth about $136,000. Creative Planning purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter worth approximately $296,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter worth approximately $202,000.

About ProShares UltraPro Short S&P 500

(Get Free Report)

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.

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