GW Henssler & Associates Ltd. Sells 95,394 Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

GW Henssler & Associates Ltd. lowered its position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) by 78.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,367 shares of the exchange traded fund’s stock after selling 95,394 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in ProShares UltraPro Short S&P 500 were worth $624,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SPXU. Jeppson Wealth Management LLC bought a new position in ProShares UltraPro Short S&P 500 in the third quarter worth approximately $39,000. Aptus Capital Advisors LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter worth $47,000. Oder Investment Management LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth $54,000. Camden Capital LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth $64,000. Finally, AE Wealth Management LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth $75,000.

SPXU stock traded up $0.73 on Tuesday, hitting $20.73. 450,391 shares of the company’s stock were exchanged, compared to its average volume of 7,738,014. ProShares UltraPro Short S&P 500 has a 12-month low of $19.66 and a 12-month high of $87.95. The firm has a 50 day moving average price of $22.18 and a two-hundred day moving average price of $28.82.

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: Diversification Important in Investing

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

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