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

Posted by Tech Dows on Apr 7th, 2025

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $33.51, but opened at $36.78. ProShares UltraPro Short S&P 500 shares last traded at $37.94, with a volume of 6,710,429 shares traded.

ProShares UltraPro Short S&P 500 Stock Up 0.7 %

The firm’s fifty day moving average is $23.42 and its 200-day moving average is $22.89.

ProShares UltraPro Short S&P 500 Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.2601 dividend. The ex-dividend date was Wednesday, March 26th.

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

A number of large investors have recently modified their holdings of the company. Cadent Capital Advisors LLC bought a new stake in ProShares UltraPro Short S&P 500 during the 4th quarter valued at $11,379,000. GTS Securities LLC grew its holdings in shares of ProShares UltraPro Short S&P 500 by 2,456.3% during the fourth quarter. GTS Securities LLC now owns 193,203 shares of the exchange traded fund’s stock valued at $4,362,000 after buying an additional 185,645 shares during the last quarter. Ridgepath Capital Management LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the fourth quarter valued at about $4,112,000. Axxcess Wealth Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 during the fourth quarter worth about $4,112,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 4th quarter worth about $1,627,000.

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.