PUREfi Wealth LLC Cuts Stock Position in ProShares UltraPro Short S&P 500 $SPXU

PUREfi Wealth LLC cut its holdings in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) by 72.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,750 shares of the exchange traded fund’s stock after selling 12,650 shares during the quarter. PUREfi Wealth LLC owned approximately 0.06% of ProShares UltraPro Short S&P 500 worth $236,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. TD Waterhouse Canada Inc. bought a new position in shares of ProShares UltraPro Short S&P 500 in the third quarter worth about $27,000. Optiver Holding B.V. bought a new stake in ProShares UltraPro Short S&P 500 during the 3rd quarter valued at approximately $38,000. SBI Securities Co. Ltd. raised its stake in ProShares UltraPro Short S&P 500 by 620.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 4,129 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in ProShares UltraPro Short S&P 500 by 18.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 975 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. purchased a new position in ProShares UltraPro Short S&P 500 in the 3rd quarter worth approximately $157,000.

ProShares UltraPro Short S&P 500 Stock Performance

SPXU stock opened at $55.40 on Thursday. ProShares UltraPro Short S&P 500 has a 1-year low of $46.65 and a 1-year high of $153.00. The business has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $51.60.

ProShares UltraPro Short S&P 500 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.4452 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, March 25th.

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.