Moors & Cabot Inc. Invests $728,000 in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

Moors & Cabot Inc. purchased a new position in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,000 shares of the exchange traded fund’s stock, valued at approximately $728,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC bought a new position in ProShares UltraPro Short S&P 500 during the 2nd quarter valued at about $64,000. Sawtooth Solutions LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter worth about $268,000. AE Wealth Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter worth about $277,000. Texas Yale Capital Corp. bought a new stake in ProShares UltraPro Short S&P 500 in the second quarter worth about $479,000. Finally, Morgan Stanley lifted its stake in ProShares UltraPro Short S&P 500 by 65.8% in the second quarter. Morgan Stanley now owns 95,596 shares of the exchange traded fund’s stock worth $2,660,000 after purchasing an additional 37,950 shares during the last quarter.

Shares of NYSEARCA:SPXU opened at $25.09 on Thursday. The business has a 50 day simple moving average of $26.10 and a two-hundred day simple moving average of $28.14. ProShares UltraPro Short S&P 500 has a 1 year low of $24.85 and a 1 year high of $57.87.

The firm also recently declared a — dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, September 26th were issued a $0.1116 dividend. The ex-dividend date was Wednesday, September 25th. This represents a dividend yield of 2.5%.

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.

Further Reading: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding SPXU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU).

Institutional Ownership by Quarter for ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

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