ProShares - UltraPro Short S&P500
SPXU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jun 25, 2009
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraPro Short S&P500 (SPXU), issued by ProShares Trust and managed by ProShare Advisors LLC, is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to three times the inverse (-3x) of the daily performance of the S&P 500 Index. The fund primarily invests in derivatives including swaps with major counterparties such as UBS AG, Barclays Capital, Bank of America, Societe Generale, Goldman Sachs International, Citibank, BNP Paribas, JPMorgan Chase Bank, and Morgan Stanley, as well as S&P 500 E-mini futures contracts; it also holds cash equivalents like U.S. Treasury bills to collateralize exposures. SPXU targets sophisticated investors seeking short exposure to the broad U.S. equity market represented by 500 large- and mid-cap companies domiciled in the United States, with operations listed on NYSE Arca. ProShare Advisors LLC, founded in 1999 and headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland, serves as the investment advisor, pioneering leveraged and inverse ETFs since launching the first in 2006. The firm manages over $95 billion in assets across one of the largest lineups of ETFs, spanning strategies such as dividend growth, high income, interest rate hedged bonds, crypto-linked products, and geared (leveraged and inverse) funds including SPXU, which was launched on June 23, 2009. In recent developments, ProShares announced a reverse split for SPXU effective November 20, 2025, alongside forward splits for other ETFs to adjust share prices. The firm surpassed $100 billion in assets under management in October 2025, opened a new office in New York City's Hudson Yards, strengthened its distribution team with three key regional vice president hires in September 2025 (Chad Brand for Southern California, Mike Hart for New York metro, and Matt Zorumski for Florida), and appointed Sharon Rosenthal as Chief Human Resources Officer in December 2025. ProShares continues expanding its product offerings, launching multiple new ETFs in 2025 including Ultra Top QQQ (QQUP) and UltraShort Top QQQ (QQDN) in June targeting 2x and -2x Nasdaq-100 top companies; single-stock 2x funds for Coinbase (COIA), Nvidia (NVDB), Palantir (PLTA), and Tesla (TSLI) in September; 2x S&P 500 Equal Weight and Nasdaq-100 Top 30 funds in August; and Ultra Solana (SLON) and Ultra XRP (UXRP) in July, alongside a Circle Internet Group single-stock ETF in August. These initiatives underscore ProShares' focus on innovative leveraged strategies for equities, indices, and cryptocurrencies amid growing demand.