ProShares UltraShort S&P500 $SDS Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC boosted its position in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 1,311.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 150,056 shares of the real estate investment trust’s stock after buying an additional 139,424 shares during the period. Integrated Advisors Network LLC’s holdings in ProShares UltraShort S&P500 were worth $11,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Advisors purchased a new stake in ProShares UltraShort S&P500 during the fourth quarter worth $94,000. JPMorgan Chase & Co. increased its position 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 buying an additional 835 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of ProShares UltraShort S&P500 in the fourth quarter valued at $159,000. Sunbelt Securities Inc. acquired a new position in shares of ProShares UltraShort S&P500 during the 4th quarter worth $178,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares UltraShort S&P500 during the 4th quarter worth $205,000.

ProShares UltraShort S&P500 Trading Up 0.5%

ProShares UltraShort S&P500 stock opened at $56.48 on Tuesday. ProShares UltraShort S&P500 has a 52 week low of $55.60 and a 52 week high of $83.63. The firm’s 50-day simple moving average is $58.44 and its 200 day simple moving average is $65.31.

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.