Edgemoor Investment Advisors Inc. Takes Position in ProShares UltraShort S&P500 (SDS)

Edgemoor Investment Advisors Inc. bought a new stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,000 shares of the real estate investment trust’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 2nd quarter valued at $1,085,000. Carnick & Kubik Group LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at $315,000. Tuttle Tactical Management LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 2nd quarter valued at $543,000. Neuberger Berman Group LLC lifted its stake in shares of ProShares UltraShort S&P500 by 67.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 87,010 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 35,010 shares in the last quarter. Finally, Peak Asset Management LLC lifted its stake in shares of ProShares UltraShort S&P500 by 58.2% during the 2nd quarter. Peak Asset Management LLC now owns 54,747 shares of the real estate investment trust’s stock valued at $694,000 after buying an additional 20,132 shares in the last quarter.

ProShares UltraShort S&P500 (SDS) traded down $0.20 on Monday, hitting $43.56. 915,200 shares of the company were exchanged, compared to its average volume of 2,454,554. ProShares UltraShort S&P500 has a 52 week low of $43.52 and a 52 week high of $63.68.

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ProShares UltraShort S&P500 Profile

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.

Institutional Ownership by Quarter for ProShares UltraShort S&P500 (NYSEARCA:SDS)

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