David R. Rahn & Associates Inc. Has $5.21 Million Position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

David R. Rahn & Associates Inc. lifted its position in ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) by 236.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,058 shares of the exchange traded fund’s stock after acquiring an additional 116,052 shares during the period. ProShares UltraPro Short S&P 500 accounts for about 4.4% of David R. Rahn & Associates Inc.’s investment portfolio, making the stock its 9th largest holding. David R. Rahn & Associates Inc. owned about 1.00% of ProShares UltraPro Short S&P 500 worth $5,206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. WESPAC Advisors SoCal LLC bought a new position in ProShares UltraPro Short S&P 500 during the 4th quarter valued at approximately $279,000. Virtu Financial LLC bought a new position in ProShares UltraPro Short S&P 500 during the 4th quarter valued at approximately $390,000. PICTET BANK & TRUST Ltd increased its position in ProShares UltraPro Short S&P 500 by 31.2% during the 4th quarter. PICTET BANK & TRUST Ltd now owns 10,060 shares of the exchange traded fund’s stock valued at $468,000 after buying an additional 2,392 shares in the last quarter. Finally, Meditor Group Ltd bought a new position in ProShares UltraPro Short S&P 500 during the 1st quarter valued at approximately $3,312,000.

Shares of SPXU opened at $28.15 on Friday. ProShares UltraPro Short S&P 500 has a 12 month low of $27.91 and a 12 month high of $57.87.

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ProShares UltraPro Short S&P 500 Company 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.

Further Reading: What is a Derivative?

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

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