35,000 Shares in ProShares UltraPro Short S&P 500 (SPXU) Purchased by Trellus Management Company LLC

Trellus Management Company LLC bought a new stake in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,000 shares of the exchange traded fund’s stock, valued at approximately $1,128,000. ProShares UltraPro Short S&P 500 comprises about 1.6% of Trellus Management Company LLC’s holdings, making the stock its 15th biggest position.

Separately, Sawtooth Solutions LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at approximately $281,000.

Shares of NYSEARCA:SPXU opened at $34.89 on Thursday. ProShares UltraPro Short S&P 500 has a 1-year low of $31.39 and a 1-year high of $52.52.

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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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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:SPXU).

Institutional Ownership by Quarter for ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

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