Larson Financial Group LLC Makes New Investment in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

Larson Financial Group LLC bought a new stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the 3rd quarter, Holdings Channel reports. The fund bought 12,427 shares of the exchange traded fund’s stock, valued at approximately $301,000.

Several other institutional investors also recently modified their holdings of the business. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the second quarter worth $5,618,000. IMC Chicago LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter worth about $2,392,000. Montchanin Asset Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $510,000. Vima LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at approximately $441,000. Finally, GW Henssler & Associates Ltd. boosted its stake in ProShares UltraPro Short S&P 500 by 11.3% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 36,632 shares of the exchange traded fund’s stock worth $888,000 after acquiring an additional 3,730 shares during the last quarter.

ProShares UltraPro Short S&P 500 Stock Performance

Shares of NYSEARCA SPXU opened at $21.43 on Wednesday. ProShares UltraPro Short S&P 500 has a 52-week low of $21.37 and a 52-week high of $50.73. The firm has a 50 day moving average price of $23.71 and a 200 day moving average price of $27.25.

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.