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ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) Shares Pass Below Two Hundred Day Moving Average – Here’s What HappenedDefense World · Aug 1, 2026The ProShares UltraPro Short S&P500 (SPXU) aims to deliver daily investment performance that inversely correlates with the S&P 500 index, specifically targeting three times (-3x) the opposite of its day-to-day return. This objective is pursued prior to accounting for any fund expenses or management fees.