ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report)’s stock is going to reverse split on Wednesday, April 10th. The 1-5 reverse split was announced on Wednesday, April 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, April 10th.
ProShares UltraPro Short S&P 500 Stock Performance
SPXU opened at $6.65 on Monday. The stock’s fifty day moving average is $7.16 and its two-hundred day moving average is $9.20. ProShares UltraPro Short S&P 500 has a 52 week low of $6.40 and a 52 week high of $14.18.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in shares of ProShares UltraPro Short S&P 500 by 377.8% during the 1st quarter. Citigroup Inc. now owns 4,300 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 3,400 shares during the last quarter. Credit Suisse AG purchased a new stake in ProShares UltraPro Short S&P 500 during the fourth quarter valued at approximately $94,000. Geneos Wealth Management Inc. acquired a new stake in ProShares UltraPro Short S&P 500 in the first quarter valued at approximately $136,000. Hamilton Wealth LLC purchased a new position in ProShares UltraPro Short S&P 500 in the second quarter worth $137,000. Finally, Arete Wealth Advisors LLC purchased a new position in ProShares UltraPro Short S&P 500 in the first quarter worth $137,000.
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.
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