Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS – Get Rating) were up 5.7% during trading on Thursday . The stock traded as high as $53.83 and last traded at $53.57. Approximately 604,766 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 13,993,636 shares. The stock had previously closed at $50.68.
The firm’s 50-day moving average price is $43.97 and its 200-day moving average price is $41.61.
Large investors have recently added to or reduced their stakes in the company. Davis R M Inc. bought a new position in shares of ProShares UltraShort S&P500 in the 4th quarter worth approximately $240,000. Qube Research & Technologies Ltd boosted its position in ProShares UltraShort S&P500 by 41.5% in the fourth quarter. Qube Research & Technologies Ltd now owns 3,680 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,080 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its stake in shares of ProShares UltraShort S&P500 by 9.5% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 40,000 shares of the real estate investment trust’s stock worth $282,000 after buying an additional 3,464 shares during the period. Csenge Advisory Group acquired a new position in ProShares UltraShort S&P500 in the 4th quarter valued at $147,000. Finally, IMC Chicago LLC grew its holdings in ProShares UltraShort S&P500 by 113.6% in the 4th quarter. IMC Chicago LLC now owns 2,331,087 shares of the real estate investment trust’s stock valued at $16,457,000 after buying an additional 1,239,781 shares in the last quarter.
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.
- Get a free copy of the StockNews.com research report on ProShares UltraShort S&P500 (SDS)
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