ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Up to $6.51

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.51, but opened at $6.66. ProShares UltraPro Short S&P 500 shares last traded at $6.69, with a volume of 2,807,374 shares.

ProShares UltraPro Short S&P 500 Stock Down 0.2 %

The company has a fifty day moving average of $7.21 and a 200 day moving average of $9.27.

ProShares UltraPro Short S&P 500’s stock is going to reverse split on Wednesday, April 10th. The 1-5 reverse split was announced on Wednesday, April 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, April 10th.

Institutional Trading of ProShares UltraPro Short S&P 500

Several large investors have recently modified their holdings of SPXU. Jane Street Group LLC grew its stake in shares of ProShares UltraPro Short S&P 500 by 2,064.9% during the third quarter. Jane Street Group LLC now owns 596,271 shares of the exchange traded fund’s stock valued at $13,368,000 after buying an additional 568,728 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the fourth quarter valued at approximately $4,286,000. IMC Chicago LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the fourth quarter valued at approximately $3,875,000. Tower Research Capital LLC TRC grew its stake in shares of ProShares UltraPro Short S&P 500 by 2,805.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 465,023 shares of the exchange traded fund’s stock valued at $3,999,000 after buying an additional 449,017 shares during the last quarter. Finally, Lane Generational LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the third quarter valued at approximately $4,458,000.

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.

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