Union Bancaire Privee UBP SA Buys New Position in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Union Bancaire Privee UBP SA bought a new stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,600 shares of the real estate investment trust’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDS. Norden Group LLC bought a new position in shares of ProShares UltraShort S&P500 during the fourth quarter valued at approximately $295,000. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of ProShares UltraShort S&P500 during the fourth quarter valued at approximately $275,000. Simplicity Wealth LLC raised its holdings in shares of ProShares UltraShort S&P500 by 231.8% during the fourth quarter. Simplicity Wealth LLC now owns 36,500 shares of the real estate investment trust’s stock valued at $718,000 after acquiring an additional 25,500 shares in the last quarter. Blueprint Investment Partners LLC bought a new position in ProShares UltraShort S&P500 in the fourth quarter worth $718,000. Finally, Simplex Trading LLC raised its holdings in ProShares UltraShort S&P500 by 218.6% in the fourth quarter. Simplex Trading LLC now owns 27,341 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 18,760 shares in the last quarter.

ProShares UltraShort S&P500 Trading Up 2.3%

SDS opened at $18.07 on Friday. The stock has a fifty day simple moving average of $20.07 and a two-hundred day simple moving average of $19.90. ProShares UltraShort S&P500 has a 12-month low of $17.56 and a 12-month high of $28.31.

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.