Fortitude Advisory Group L.L.C. Takes $157,000 Position in ProShares UltraPro Short S&P 500 $SPXU

Fortitude Advisory Group L.L.C. bought a new position in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,622 shares of the exchange traded fund’s stock, valued at approximately $157,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of ProShares UltraPro Short S&P 500 by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 975 shares during the period. Clough Capital Partners L P acquired a new position in ProShares UltraPro Short S&P 500 during the second quarter worth about $2,011,000. Tidal Investments LLC bought a new stake in ProShares UltraPro Short S&P 500 in the second quarter worth about $752,000. Tower Research Capital LLC TRC lifted its holdings in ProShares UltraPro Short S&P 500 by 26.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 53,831 shares of the exchange traded fund’s stock valued at $904,000 after acquiring an additional 11,397 shares during the last quarter. Finally, Gainplan LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at about $4,053,000.

ProShares UltraPro Short S&P 500 Stock Down 5.7%

Shares of SPXU opened at $48.11 on Friday. The firm’s 50 day moving average is $49.11 and its 200-day moving average is $53.98. ProShares UltraPro Short S&P 500 has a 12-month low of $46.65 and a 12-month high of $153.00.

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.