DRW Securities LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 44,975 shares of the exchange traded fund’s stock, valued at approximately $1,090,000. DRW Securities LLC owned about 0.28% of ProShares UltraPro Short S&P 500 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of SPXU. Adalta Capital Management LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the first quarter worth $99,000. Montchanin Asset Management LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the first quarter worth $510,000. Vima LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the first quarter worth $441,000. Squarepoint Ops LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the second quarter worth $5,618,000. Finally, GW Henssler & Associates Ltd. increased its position in ProShares UltraPro Short S&P 500 by 11.3% during the third 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 during the last quarter.
ProShares UltraPro Short S&P 500 Trading Down 1.0 %
ProShares UltraPro Short S&P 500 stock opened at $21.78 on Tuesday. ProShares UltraPro Short S&P 500 has a one year low of $21.38 and a one year high of $50.73. The stock has a fifty day moving average of $23.80 and a 200 day moving average of $27.33.
ProShares UltraPro Short S&P 500 Company 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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