ProShares UltraShort S&P500 (NYSEARCA:SDS – Get Free Report) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $54.34 and traded as high as $59.13. ProShares UltraShort S&P500 shares last traded at $59.09, with a volume of 14,700,659 shares trading hands.
ProShares UltraShort S&P500 Trading Down 0.6%
The company’s 50 day moving average price is $54.44 and its 200-day moving average price is $60.50.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDS. AXQ Capital LP purchased a new stake in ProShares UltraShort S&P500 during the second quarter valued at about $544,000. Two Sigma Securities LLC raised its holdings in shares of ProShares UltraShort S&P500 by 805.2% in the 2nd quarter. Two Sigma Securities LLC now owns 33,500 shares of the real estate investment trust’s stock worth $1,905,000 after purchasing an additional 29,799 shares during the period. Virtue Capital Management LLC purchased a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter worth about $17,641,000. IMC Chicago LLC raised its holdings in shares of ProShares UltraShort S&P500 by 12.2% in the 1st quarter. IMC Chicago LLC now owns 101,929 shares of the real estate investment trust’s stock worth $7,670,000 after purchasing an additional 11,085 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of ProShares UltraShort S&P500 in the 1st quarter worth about $1,257,000.
ProShares UltraShort S&P500 Company 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.
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