ProShares UltraPro Short S&P 500 (SPXU) Shares Gap Up to $38.54

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares gapped up prior to trading on Thursday . The stock had previously closed at $36.53, but opened at $38.54. ProShares UltraPro Short S&P 500 shares last traded at $38.82, with a volume of 9231309 shares trading hands.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sawtooth Solutions LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter valued at approximately $281,000. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraPro Short S&P 500 by 2,606.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,995 shares of the exchange traded fund’s stock valued at $515,000 after purchasing an additional 15,404 shares during the period. Finally, Trellus Management Company LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter valued at approximately $1,128,000.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/12/07/proshares-ultrapro-short-sp-500-spxu-shares-gap-up-to-38-54.html.

About ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

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.

Read More: What is the S&P 500 Index?

Receive News & Ratings for ProShares UltraPro Short S&P 500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short S&P 500 and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply