Sollinda Capital Management LLC Invests $19.05 Million in ProShares UltraShort S&P500 $SDS

Sollinda Capital Management LLC bought a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,318,406 shares of the real estate investment trust’s stock, valued at approximately $19,051,000. ProShares UltraShort S&P500 makes up about 5.2% of Sollinda Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Sollinda Capital Management LLC owned 4.06% of ProShares UltraShort S&P500 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Global Trust Asset Management LLC purchased a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter worth $29,000. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at about $51,000. JPMorgan Chase & Co. grew its position in 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 worth $151,000 after acquiring an additional 835 shares in the last quarter. Genesee Capital Advisors LLC bought a new stake in ProShares UltraShort S&P500 during the third quarter worth approximately $161,000. Finally, Edgestream Partners L.P. bought a new stake in ProShares UltraShort S&P500 during the second quarter worth approximately $202,000.

ProShares UltraShort S&P500 Stock Performance

Shares of SDS stock opened at $66.25 on Tuesday. ProShares UltraShort S&P500 has a 1 year low of $65.71 and a 1 year high of $141.55. The stock’s 50 day simple moving average is $68.18 and its two-hundred day simple moving average is $72.56.

About ProShares UltraShort S&P500

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.