JFS Wealth Advisors LLC reduced its holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 11.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,500 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. JFS Wealth Advisors LLC’s holdings in ProShares UltraShort S&P500 were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Kings Point Capital Management purchased a new position in shares of ProShares UltraShort S&P500 in the 4th quarter worth $26,000. FNY Investment Advisers LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 1st quarter worth about $54,000. PNC Financial Services Group Inc. purchased a new position in shares of ProShares UltraShort S&P500 during the 4th quarter worth about $86,000. FTB Advisors Inc. purchased a new position in shares of ProShares UltraShort S&P500 during the 4th quarter worth about $87,000. Finally, Terril Brothers Inc. purchased a new position in shares of ProShares UltraShort S&P500 during the 4th quarter worth about $404,000.

Shares of SDS stock traded down $0.55 during trading hours on Tuesday, reaching $31.10. 4,122,021 shares of the stock were exchanged, compared to its average volume of 5,267,790. ProShares UltraShort S&P500 has a 12-month low of $31.05 and a 12-month high of $49.47.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a dividend of $0.0902 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%.

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ProShares UltraShort S&P500 Company 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.

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Institutional Ownership by Quarter for ProShares UltraShort S&P500 (NYSEARCA:SDS)

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