Virtue Capital Management LLC purchased a new position in ProShares UltraShort S&P500 (NYSEARCA:SDS – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 323,576 shares of the real estate investment trust’s stock, valued at approximately $17,641,000. ProShares UltraShort S&P500 comprises about 2.3% of Virtue Capital Management LLC’s portfolio, making the stock its 6th largest position. Virtue Capital Management LLC owned 4.75% of ProShares UltraShort S&P500 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Beacon Financial Group bought a new position in shares of ProShares UltraShort S&P500 during the first quarter valued at about $241,000. NewEdge Advisors LLC bought a new stake in shares of ProShares UltraShort S&P500 in the first quarter worth about $244,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in ProShares UltraShort S&P500 during the 1st quarter valued at about $421,000. Tidal Investments LLC purchased a new position in ProShares UltraShort S&P500 during the 2nd quarter valued at about $378,000. Finally, Ramsey Quantitative Systems bought a new position in ProShares UltraShort S&P500 during the 2nd quarter valued at approximately $432,000.
ProShares UltraShort S&P500 Price Performance
SDS opened at $55.89 on Monday. The business has a 50 day simple moving average of $54.20 and a two-hundred day simple moving average of $60.76. ProShares UltraShort S&P500 has a one year low of $51.97 and a one year high of $80.50.
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.
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