ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Share Price Pass Below 200 Day Moving Average – Time to Sell?

Posted by Caroline Horne on Jan 22nd, 2025

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.76 and traded as low as $21.12. ProShares UltraPro Short S&P 500 shares last traded at $21.32, with a volume of 9,960,180 shares changing hands.

ProShares UltraPro Short S&P 500 Stock Performance

The company has a 50-day moving average of $21.81 and a two-hundred day moving average of $24.71.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPXU. Edgestream Partners L.P. acquired a new position in ProShares UltraPro Short S&P 500 during the third quarter valued at approximately $287,000. Larson Financial Group LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter valued at $301,000. GW Henssler & Associates Ltd. lifted its holdings in shares of 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 valued at $888,000 after acquiring an additional 3,730 shares in the last quarter. DRW Securities LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the 3rd quarter worth $1,090,000. Finally, IMC Chicago LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at $2,392,000.

ProShares UltraPro Short S&P 500 Company Profile

(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.