Integrated Advisors Network LLC reduced its position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU – Free Report) by 27.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,600 shares of the exchange traded fund’s stock after selling 4,100 shares during the period. Integrated Advisors Network LLC’s holdings in ProShares UltraPro Short S&P 500 were worth $257,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. QCM Cayman Ltd. purchased a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $75,000. Adalta Capital Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $99,000. Vima LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $441,000. Montchanin Asset Management LLC purchased a new stake in ProShares UltraPro Short S&P 500 during the 1st quarter valued at $510,000. Finally, GW Henssler & Associates Ltd. raised its stake in ProShares UltraPro Short S&P 500 by 28.6% during the 1st quarter. GW Henssler & Associates Ltd. now owns 149,539 shares of the exchange traded fund’s stock valued at $966,000 after buying an additional 33,241 shares during the last quarter.
ProShares UltraPro Short S&P 500 Trading Down 1.2 %
Shares of SPXU opened at $24.87 on Friday. The firm has a fifty day simple moving average of $25.27 and a two-hundred day simple moving average of $28.94. ProShares UltraPro Short S&P 500 has a 1-year low of $22.85 and a 1-year high of $60.45.
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.
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