ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up – Should You Buy?

Posted by Caroline Horne on Mar 31st, 2025

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $26.00, but opened at $26.85. ProShares UltraPro Short S&P 500 shares last traded at $26.67, with a volume of 2,491,624 shares.

ProShares UltraPro Short S&P 500 Trading Up 0.9 %

The company has a 50-day moving average price of $22.47 and a two-hundred day moving average price of $22.79.

ProShares UltraPro Short S&P 500 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.2601 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

A number of institutional investors have recently made changes to their positions in the stock. Axxcess Wealth Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth approximately $4,112,000. Sollinda Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter valued at $612,000. Ridgepath Capital Management LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the 4th quarter valued at $4,112,000. Edgestream Partners L.P. purchased a new position in ProShares UltraPro Short S&P 500 in the 3rd quarter worth $287,000. Finally, Cadent Capital Advisors LLC bought a new stake in ProShares UltraPro Short S&P 500 in the fourth quarter worth $11,379,000.

About ProShares UltraPro Short S&P 500

(Get Free Report)

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.