Cadent Capital Advisors LLC Buys Shares of 505,081 ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

Cadent Capital Advisors LLC bought a new position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) in the 4th quarter, HoldingsChannel reports. The fund bought 505,081 shares of the exchange traded fund’s stock, valued at approximately $11,379,000. ProShares UltraPro Short S&P 500 accounts for about 3.9% of Cadent Capital Advisors LLC’s holdings, making the stock its 5th largest holding.

Several other large investors also recently made changes to their positions in SPXU. Larson Financial Group LLC bought a new position in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $301,000. GW Henssler & Associates Ltd. grew its position in ProShares UltraPro Short S&P 500 by 11.3% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 36,632 shares of the exchange traded fund’s stock worth $888,000 after purchasing an additional 3,730 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the 2nd quarter valued at $5,618,000. IMC Chicago LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the third quarter valued at $2,392,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the third quarter worth $287,000.

ProShares UltraPro Short S&P 500 Stock Performance

Shares of SPXU stock traded up $0.14 on Monday, reaching $23.36. 6,555,050 shares of the company’s stock traded hands, compared to its average volume of 10,983,605. The business’s 50 day moving average price is $21.91 and its two-hundred day moving average price is $25.02. ProShares UltraPro Short S&P 500 has a 12-month low of $20.67 and a 12-month high of $44.80.

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.