ProShares UltraShort S&P500 (NYSEARCA:SDS) Shares Down 2.7%

ProShares UltraShort S&P500 (NYSEARCA:SDSGet Rating)’s share price dropped 2.7% on Friday . The stock traded as low as $43.31 and last traded at $43.40. Approximately 359,027 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 7,687,052 shares. The stock had previously closed at $44.60.

ProShares UltraShort S&P500 Stock Down 3.7 %

The company has a 50 day moving average of $43.97 and a two-hundred day moving average of $45.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SDS. Kingfisher Capital LLC acquired a new position in ProShares UltraShort S&P500 during the fourth quarter worth $827,000. Juncture Wealth Strategies LLC increased its position in shares of ProShares UltraShort S&P500 by 4.2% during the fourth quarter. Juncture Wealth Strategies LLC now owns 300,754 shares of the real estate investment trust’s stock worth $13,826,000 after acquiring an additional 12,239 shares during the period. Worth Asset Management LLC increased its position in shares of ProShares UltraShort S&P500 by 154.6% during the fourth quarter. Worth Asset Management LLC now owns 2,233 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 1,356 shares during the period. Mutual Advisors LLC purchased a new position in ProShares UltraShort S&P500 in the fourth quarter valued at $1,809,000. Finally, Arkadios Wealth Advisors purchased a new position in ProShares UltraShort S&P500 in the fourth quarter valued at $242,000.

About ProShares UltraShort S&P500

(Get Rating)

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.

See Also

Receive News & Ratings for ProShares UltraShort S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.