ProShares UltraShort S&P500 $SDS Stake Lessened by IMC Chicago LLC

IMC Chicago LLC cut its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 12.2% in the 4th quarter, HoldingsChannel reports. The fund owned 90,844 shares of the real estate investment trust’s stock after selling 12,624 shares during the period. IMC Chicago LLC’s holdings in ProShares UltraShort S&P500 were worth $6,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in shares of ProShares UltraShort S&P500 in the third quarter valued at approximately $29,000. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort S&P500 in the third quarter valued at approximately $51,000. JFS Wealth Advisors LLC bought a new position in shares of ProShares UltraShort S&P500 in the third quarter valued at approximately $87,000. JPMorgan Chase & Co. boosted its holdings in shares of ProShares UltraShort S&P500 by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 835 shares in the last quarter. Finally, Genesee Capital Advisors LLC bought a new position in shares of ProShares UltraShort S&P500 in the third quarter valued at approximately $161,000.

ProShares UltraShort S&P500 Trading Up 0.0%

ProShares UltraShort S&P500 stock opened at $63.06 on Thursday. The firm has a 50 day simple moving average of $69.80 and a 200-day simple moving average of $69.43. ProShares UltraShort S&P500 has a 12-month low of $62.34 and a 12-month high of $108.75.

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.