ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Short Interest Up 18.3% in March

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 972,681 shares, an increase of 18.3% from the February 26th total of 822,041 shares. Approximately 10.8% of the shares of the company are short sold. Based on an average daily trading volume, of 10,908,262 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ProShares UltraPro Short S&P 500

Institutional investors have recently bought and sold shares of the business. Fortitude Advisory Group L.L.C. purchased a new position in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter valued at approximately $157,000. Sollinda Capital Management LLC acquired a new position in ProShares UltraPro Short S&P 500 during the third quarter worth $9,177,000. Integrated Advisors Network LLC acquired a new position in ProShares UltraPro Short S&P 500 during the third quarter worth $338,000. Corient IA LLC purchased a new position in ProShares UltraPro Short S&P 500 during the third quarter valued at $216,000. Finally, Axxcess Wealth Management LLC purchased a new position in ProShares UltraPro Short S&P 500 during the third quarter valued at $7,814,000.

ProShares UltraPro Short S&P 500 Trading Down 8.2%

Shares of ProShares UltraPro Short S&P 500 stock traded down $5.11 during trading hours on Tuesday, reaching $56.95. The stock had a trading volume of 14,755,681 shares, compared to its average volume of 7,754,012. The stock’s 50 day moving average is $51.07 and its 200 day moving average is $51.60. ProShares UltraPro Short S&P 500 has a twelve month low of $46.65 and a twelve month high of $153.00.

ProShares UltraPro Short S&P 500 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $0.4452 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.78 dividend on an annualized basis and a yield of 3.1%.

ProShares UltraPro Short S&P 500 Company 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.