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

Posted by Trevor Kearing on Oct 25th, 2024

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.32 and traded as low as $23.45. ProShares UltraPro Short S&P 500 shares last traded at $23.90, with a volume of 9,249,565 shares traded.

ProShares UltraPro Short S&P 500 Stock Up 0.2 %

The firm’s fifty day simple moving average is $25.49 and its 200 day simple moving average is $29.21.

Institutional Trading of ProShares UltraPro Short S&P 500

Several institutional investors have recently made changes to their positions in the stock. GW Henssler & Associates Ltd. raised its holdings in shares of ProShares UltraPro Short S&P 500 by 28.6% during the first quarter. GW Henssler & Associates Ltd. now owns 149,539 shares of the exchange traded fund’s stock worth $966,000 after acquiring an additional 33,241 shares in the last quarter. QCM Cayman Ltd. purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth about $75,000. Lane Generational LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter valued at about $3,771,000. Adalta Capital Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at approximately $99,000. Finally, Montchanin Asset Management LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at approximately $510,000.

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.