Sollinda Capital Management LLC Buys New Holdings in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

Sollinda Capital Management LLC bought a new stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,153 shares of the exchange traded fund’s stock, valued at approximately $612,000. Sollinda Capital Management LLC owned approximately 0.17% of ProShares UltraPro Short S&P 500 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the third quarter worth approximately $301,000. Ridgepath Capital Management LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the fourth quarter worth approximately $4,112,000. Edgestream Partners L.P. acquired a new stake in ProShares UltraPro Short S&P 500 during the third quarter worth approximately $287,000. Cadent Capital Advisors LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the fourth quarter worth approximately $11,379,000. Finally, DRW Securities LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the third quarter worth approximately $1,090,000.

ProShares UltraPro Short S&P 500 Price Performance

SPXU stock opened at $25.88 on Tuesday. ProShares UltraPro Short S&P 500 has a twelve month low of $19.89 and a twelve month high of $38.63. The company’s 50 day moving average is $21.57 and its two-hundred day moving average is $23.00.

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.