ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $33.52, but opened at $34.89. ProShares UltraPro Short S&P 500 shares last traded at $34.93, with a volume of 90027 shares traded.

A hedge fund recently bought a new stake in ProShares UltraPro Short S&P 500 stock. Sawtooth Solutions LLC purchased a new stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,711 shares of the exchange traded fund’s stock, valued at approximately $281,000. Sawtooth Solutions LLC owned about 0.07% of ProShares UltraPro Short S&P 500 at the end of the most recent reporting period.

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About ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

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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