ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down to $11.56

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.96, but opened at $11.56. ProShares UltraPro Short S&P 500 shares last traded at $11.56, with a volume of 32,079,200 shares traded.

The firm has a fifty day moving average of $12.84 and a 200-day moving average of $18.83.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. acquired a new position in shares of ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $54,000. IMC Chicago LLC boosted its holdings in shares of ProShares UltraPro Short S&P 500 by 735.9% in the 4th quarter. IMC Chicago LLC now owns 166,894 shares of the exchange traded fund’s stock valued at $3,341,000 after purchasing an additional 146,929 shares in the last quarter. UBS Group AG boosted its holdings in shares of ProShares UltraPro Short S&P 500 by 187.9% in the 4th quarter. UBS Group AG now owns 20,237 shares of the exchange traded fund’s stock valued at $405,000 after purchasing an additional 13,209 shares in the last quarter. Prentice Capital Management LP acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at $6,894,000. Finally, Archer Investment Corp acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at $30,000.

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.

Featured Story: What is a capital gain?

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.