ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Gap Down – Here’s Why

Posted by Latisha Jones on Mar 14th, 2025

Shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $26.53, but opened at $25.67. ProShares UltraPro Short S&P 500 shares last traded at $26.08, with a volume of 2,302,782 shares trading hands.

ProShares UltraPro Short S&P 500 Stock Up 4.0 %

The firm has a fifty day moving average of $21.80 and a two-hundred day moving average of $23.02.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

A number of institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth about $301,000. DRW Securities LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth about $1,090,000. Edgestream Partners L.P. acquired a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth about $287,000. Cadent Capital Advisors LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the fourth quarter worth about $11,379,000. Finally, Ridgepath Capital Management LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the fourth quarter worth about $4,112,000.

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.