Simplex Trading LLC Makes New Investment in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

Simplex Trading LLC bought a new position in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating) in the first quarter, Holdings Channel.com reports. The firm bought 104,891 shares of the exchange traded fund’s stock, valued at approximately $1,400,000.

Other large investors also recently modified their holdings of the company. David R. Rahn & Associates Inc. bought a new position in shares of ProShares UltraPro Short S&P 500 in the fourth quarter valued at approximately $156,000. GFG Capital LLC bought a new position in shares of ProShares UltraPro Short S&P 500 in the first quarter valued at approximately $170,000. Cutter & CO Brokerage Inc. boosted its position in shares of ProShares UltraPro Short S&P 500 by 11.9% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 20,625 shares of the exchange traded fund’s stock valued at $257,000 after acquiring an additional 2,200 shares during the period. Signaturefd LLC boosted its position in shares of ProShares UltraPro Short S&P 500 by 36.9% in the first quarter. Signaturefd LLC now owns 25,600 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 6,900 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in ProShares UltraPro Short S&P 500 during the fourth quarter valued at approximately $374,000.

ProShares UltraPro Short S&P 500 Trading Down 3.7 %

Shares of ProShares UltraPro Short S&P 500 stock opened at $15.99 on Friday. ProShares UltraPro Short S&P 500 has a 1 year low of $12.03 and a 1 year high of $23.13. The company has a 50 day simple moving average of $18.67 and a two-hundred day simple moving average of $16.43.

About ProShares UltraPro Short S&P 500

(Get Rating)

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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Want to see what other hedge funds are holding SPXU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro Short S&P 500 (NYSEARCA:SPXUGet Rating).



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