ProShares UltraShort S&P500 (NYSEARCA:SDS) Sees Unusually-High Trading Volume – Here’s Why

ProShares UltraShort S&P500 (NYSEARCA:SDS) saw an uptick in trading volume on Friday . 5,088,514 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 3,376,616 shares.The stock last traded at $76.0750 and had previously closed at $75.85.

ProShares UltraShort S&P500 Price Performance

The business has a 50 day simple moving average of $72.01 and a 200-day simple moving average of $80.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC purchased a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter worth approximately $29,000. Bogart Wealth LLC bought a new position in ProShares UltraShort S&P500 during the third quarter valued at $51,000. JFS Wealth Advisors LLC purchased a new stake in ProShares UltraShort S&P500 in the third quarter worth $87,000. JPMorgan Chase & Co. raised its stake 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 during the period. Finally, Genesee Capital Advisors LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at $161,000.

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.