AlphaCore Capital LLC Buys 11,000 Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS)

AlphaCore Capital LLC boosted its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 110.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the real estate investment trust’s stock after acquiring an additional 11,000 shares during the period. AlphaCore Capital LLC owned 0.08% of ProShares UltraShort S&P500 worth $720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SDS. HighTower Advisors LLC acquired a new stake in ProShares UltraShort S&P500 during the 1st quarter worth about $728,000. Wetherby Asset Management Inc. acquired a new stake in ProShares UltraShort S&P500 during the first quarter worth approximately $375,000. Sawtooth Solutions LLC bought a new stake in ProShares UltraShort S&P500 in the first quarter worth approximately $281,000. UBS Group AG lifted its stake in ProShares UltraShort S&P500 by 128.3% in the second quarter. UBS Group AG now owns 1,831 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 1,029 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in ProShares UltraShort S&P500 in the second quarter valued at approximately $370,000.

ProShares UltraShort S&P500 Stock Down 3.8 %

Shares of SDS stock opened at $33.97 on Wednesday. The firm has a 50 day moving average of $36.51 and a 200-day moving average of $36.10. ProShares UltraShort S&P500 has a 52 week low of $32.17 and a 52 week high of $47.70.

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.