ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Stock Price Pass Below Two Hundred Day Moving Average of $37.86

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.86 and traded as low as $29.58. ProShares UltraPro Short S&P 500 shares last traded at $29.73, with a volume of 6,376,775 shares trading hands.

ProShares UltraPro Short S&P 500 Stock Performance

The firm’s 50-day moving average price is $33.43 and its 200 day moving average price is $37.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPXU. Group One Trading L.P. lifted its stake in ProShares UltraPro Short S&P 500 by 144.7% in the third quarter. Group One Trading L.P. now owns 41,564 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 24,579 shares in the last quarter. Sowell Financial Services LLC bought a new position in ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $249,000. LB Partners LLC bought a new position in ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $172,000. Essex LLC lifted its stake in ProShares UltraPro Short S&P 500 by 28.0% in the fourth quarter. Essex LLC now owns 22,863 shares of the exchange traded fund’s stock valued at $197,000 after buying an additional 5,000 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in ProShares UltraPro Short S&P 500 by 81.1% in the fourth quarter. Vontobel Holding Ltd. now owns 40,742 shares of the exchange traded fund’s stock valued at $350,000 after buying an additional 18,242 shares in the last quarter.

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.