Essex LLC lowered its stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,863 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Essex LLC owned about 0.14% of ProShares UltraPro Short S&P 500 worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of SPXU. Vontobel Holding Ltd. grew its stake in ProShares UltraPro Short S&P 500 by 81.1% during the 4th quarter. Vontobel Holding Ltd. now owns 40,742 shares of the exchange traded fund’s stock worth $350,000 after buying an additional 18,242 shares during the last quarter. LB Partners LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth approximately $172,000. XR Securities LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth approximately $193,000. Sowell Financial Services LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth approximately $249,000. Finally, Integrated Advisors Network LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 4th quarter worth approximately $298,000.
ProShares UltraPro Short S&P 500 Trading Up 2.6 %
Shares of SPXU stock traded up $0.68 during midday trading on Thursday, hitting $27.08. The company had a trading volume of 12,090,740 shares, compared to its average volume of 6,438,697. The company’s 50 day simple moving average is $30.74 and its 200 day simple moving average is $35.26. ProShares UltraPro Short S&P 500 has a 52-week low of $26.26 and a 52-week high of $68.40.
ProShares UltraPro Short S&P 500 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.
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