DRW Securities LLC Acquires New Stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

DRW Securities LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,975 shares of the exchange traded fund’s stock, valued at approximately $1,090,000.

Several other hedge funds have also bought and sold shares of SPXU. Adalta Capital Management LLC bought a new stake in ProShares UltraPro Short S&P 500 during the first quarter valued at about $99,000. Montchanin Asset Management LLC bought a new stake in ProShares UltraPro Short S&P 500 during the first quarter valued at about $510,000. Vima LLC bought a new stake in ProShares UltraPro Short S&P 500 during the first quarter valued at about $441,000. Squarepoint Ops LLC bought a new stake in ProShares UltraPro Short S&P 500 during the second quarter valued at about $5,618,000. Finally, GW Henssler & Associates Ltd. grew its holdings in ProShares UltraPro Short S&P 500 by 11.3% during the third quarter. GW Henssler & Associates Ltd. now owns 36,632 shares of the exchange traded fund’s stock valued at $888,000 after purchasing an additional 3,730 shares during the period.

ProShares UltraPro Short S&P 500 Price Performance

NYSEARCA:SPXU opened at $21.78 on Tuesday. The stock has a 50-day simple moving average of $23.80 and a two-hundred day simple moving average of $27.33. ProShares UltraPro Short S&P 500 has a 52-week low of $21.38 and a 52-week high of $50.73.

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.