ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Short Interest Update

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 910,715 shares, a decrease of 26.6% from the January 15th total of 1,241,483 shares. Currently, 10.1% of the shares of the stock are sold short. Based on an average trading volume of 6,429,284 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 6,429,284 shares, the short-interest ratio is currently 0.1 days. Currently, 10.1% of the shares of the stock are sold short.

ProShares UltraPro Short S&P 500 Stock Down 0.0%

Shares of SPXU traded down $0.01 during mid-day trading on Friday, reaching $50.14. 7,896,131 shares of the stock traded hands, compared to its average volume of 6,522,773. ProShares UltraPro Short S&P 500 has a 1 year low of $46.65 and a 1 year high of $153.00. The firm has a fifty day moving average price of $48.93 and a 200 day moving average price of $53.50.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Fortitude Advisory Group L.L.C. bought a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth approximately $157,000. Sollinda Capital Management LLC purchased a new position in ProShares UltraPro Short S&P 500 in the 3rd quarter worth approximately $9,177,000. IMC Chicago LLC bought a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter worth $11,702,000. SBI Securities Co. Ltd. increased its holdings in shares of ProShares UltraPro Short S&P 500 by 620.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 4,129 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ProShares UltraPro Short S&P 500 by 16,249.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock valued at $4,354,000 after buying an additional 320,273 shares in the last quarter.

About ProShares UltraPro Short S&P 500

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.