ProShares UltraShort S&P500 (NYSEARCA:SDS – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $24.23, but opened at $26.16. ProShares UltraShort S&P500 shares last traded at $25.63, with a volume of 5,615,457 shares.
ProShares UltraShort S&P500 Stock Up 4.8 %
The stock has a 50 day moving average price of $23.28 and a 200 day moving average price of $25.38.
Institutional Trading of ProShares UltraShort S&P500
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC bought a new stake in shares of ProShares UltraShort S&P500 during the fourth quarter valued at approximately $74,000. Summit Financial LLC bought a new position in ProShares UltraShort S&P500 in the 4th quarter valued at about $1,059,000. PVG Asset Management Corp raised its stake in shares of ProShares UltraShort S&P500 by 146.6% in the fourth quarter. PVG Asset Management Corp now owns 60,621 shares of the real estate investment trust’s stock worth $1,814,000 after purchasing an additional 36,041 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new position in shares of ProShares UltraShort S&P500 in the fourth quarter valued at approximately $2,390,000. Finally, Parallel Advisors LLC boosted its position in shares of ProShares UltraShort S&P500 by 17.2% during the fourth quarter. Parallel Advisors LLC now owns 3,318 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 487 shares during the last quarter.
About ProShares UltraShort S&P500
ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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