ProShares UltraShort S&P500 (NYSEARCA:SDS) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC boosted its holdings in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 146.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 335,151 shares of the real estate investment trust’s stock after buying an additional 199,208 shares during the quarter. ProShares UltraShort S&P500 accounts for 1.2% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 15th largest position. Legacy Capital Wealth Partners LLC’s holdings in ProShares UltraShort S&P500 were worth $6,914,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SDS. Simplicity Wealth LLC acquired a new stake in ProShares UltraShort S&P500 during the 3rd quarter worth approximately $227,000. Peregrine Asset Advisers Inc. acquired a new stake in ProShares UltraShort S&P500 during the 2nd quarter worth approximately $230,000. Banque Cantonale Vaudoise purchased a new stake in shares of ProShares UltraShort S&P500 in the 2nd quarter valued at approximately $230,000. Fidelis Capital Partners LLC purchased a new stake in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at approximately $242,000. Finally, Axxcess Wealth Management LLC increased its position in shares of ProShares UltraShort S&P500 by 64.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 11,725 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 4,605 shares during the last quarter.

ProShares UltraShort S&P500 Price Performance

Shares of NYSEARCA:SDS opened at $19.18 on Friday. ProShares UltraShort S&P500 has a 52 week low of $19.09 and a 52 week high of $36.43. The company’s 50 day moving average is $21.05 and its two-hundred day moving average is $22.84.

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.