ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Trading 3.9% Higher – What’s Next?

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) rose 3.9% on Friday . The stock traded as high as $25.21 and last traded at $25.46. Approximately 3,141,855 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 9,564,202 shares. The stock had previously closed at $24.51.

ProShares UltraPro Short S&P 500 Stock Up 6.1 %

The stock’s 50 day moving average is $22.47 and its two-hundred day moving average is $22.82.

ProShares UltraPro Short S&P 500 Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.2601 per share. The ex-dividend date is Wednesday, March 26th.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

A number of large investors have recently bought and sold shares of the business. Cadent Capital Advisors LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at $11,379,000. GTS Securities LLC grew its stake in ProShares UltraPro Short S&P 500 by 2,456.3% in the fourth quarter. GTS Securities LLC now owns 193,203 shares of the exchange traded fund’s stock valued at $4,362,000 after purchasing an additional 185,645 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in ProShares UltraPro Short S&P 500 in the fourth quarter worth about $4,112,000. Ridgepath Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the fourth quarter valued at about $4,112,000. Finally, Headlands Technologies LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at about $1,627,000.

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.