ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Short Interest Up 48.3% in January

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,241,483 shares, an increase of 48.3% from the December 31st total of 837,128 shares. Based on an average daily volume of 4,335,560 shares, the days-to-cover ratio is presently 0.3 days. Currently, 14.5% of the company’s stock are sold short. Currently, 14.5% of the company’s stock are sold short. Based on an average daily volume of 4,335,560 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in ProShares UltraPro Short S&P 500 by 18.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 975 shares in the last quarter. Clough Capital Partners L P purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the 2nd quarter valued at $2,011,000. Tidal Investments LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the 2nd quarter worth $752,000. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 11,397 shares in the last quarter. Finally, Gainplan LLC purchased a new position in ProShares UltraPro Short S&P 500 during the 3rd quarter worth $4,053,000.

ProShares UltraPro Short S&P 500 Trading Up 1.0%

SPXU opened at $47.93 on Friday. The business’s 50-day moving average is $49.40 and its two-hundred day moving average is $54.53. ProShares UltraPro Short S&P 500 has a 1 year low of $46.65 and a 1 year high of $153.00.

About ProShares UltraPro Short S&P 500

(Get Free Report)

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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