Beacon Financial Group Buys New Shares in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Beacon Financial Group purchased a new position in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $197,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new stake in ProShares UltraShort S&P500 during the fourth quarter worth about $32,000. JPMorgan Chase & Co. lifted its position in shares of ProShares UltraShort S&P500 by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,085 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 820 shares during the period. Axxcess Wealth Management LLC grew its holdings in shares of ProShares UltraShort S&P500 by 17.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,970 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 1,650 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of ProShares UltraShort S&P500 during the third quarter valued at approximately $242,000. Finally, Peregrine Asset Advisers Inc. raised its stake in shares of ProShares UltraShort S&P500 by 50.0% in the third quarter. Peregrine Asset Advisers Inc. now owns 15,000 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 5,000 shares in the last quarter.

ProShares UltraShort S&P500 Stock Up 0.6 %

Shares of SDS stock opened at $18.71 on Thursday. The stock has a fifty day moving average price of $19.06 and a 200 day moving average price of $20.49. ProShares UltraShort S&P500 has a one year low of $18.19 and a one year high of $28.39.

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.