ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC cut its holdings in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) by 64.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,458 shares of the exchange traded fund’s stock after selling 7,969 shares during the quarter. Larson Financial Group LLC’s holdings in ProShares UltraPro Short S&P 500 were worth $100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. DRW Securities LLC purchased a new position in ProShares UltraPro Short S&P 500 during the third quarter worth about $1,090,000. Edgestream Partners L.P. purchased a new position in ProShares UltraPro Short S&P 500 during the third quarter worth about $287,000. Cadent Capital Advisors LLC purchased a new position in ProShares UltraPro Short S&P 500 during the fourth quarter worth about $11,379,000. Finally, Ridgepath Capital Management LLC purchased a new position in ProShares UltraPro Short S&P 500 during the fourth quarter worth about $4,112,000.

ProShares UltraPro Short S&P 500 Stock Down 1.5 %

Shares of SPXU stock opened at $26.14 on Thursday. The firm’s 50-day moving average is $21.72 and its two-hundred day moving average is $22.99. ProShares UltraPro Short S&P 500 has a 12 month low of $19.89 and a 12 month high of $38.63.

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.