JPMorgan Chase & Co. Increases Position in ProShares UltraPro Short S&P 500 $SPXU

JPMorgan Chase & Co. increased its holdings in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) by 16,249.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 322,244 shares of the exchange traded fund’s stock after purchasing an additional 320,273 shares during the quarter. JPMorgan Chase & Co.’s holdings in ProShares UltraPro Short S&P 500 were worth $4,354,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPXU. EverSource Wealth Advisors LLC raised its stake 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 worth $104,000 after buying an additional 975 shares during the period. Clough Capital Partners L P acquired a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter valued at $2,011,000. Tidal Investments LLC purchased a new stake in ProShares UltraPro Short S&P 500 in the 2nd quarter worth $752,000. Tower Research Capital LLC TRC increased 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 worth $904,000 after acquiring an additional 11,397 shares in the last quarter. Finally, Gainplan LLC acquired a new position in ProShares UltraPro Short S&P 500 during the third quarter worth $4,053,000.

ProShares UltraPro Short S&P 500 Stock Performance

NYSEARCA:SPXU opened at $55.33 on Friday. ProShares UltraPro Short S&P 500 has a fifty-two week low of $46.65 and a fifty-two week high of $153.00. The company has a fifty day moving average of $51.45 and a two-hundred day moving average of $51.65.

ProShares UltraPro Short S&P 500 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were given a dividend of $0.4452 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, March 25th.

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.