Legacy Capital Wealth Partners LLC decreased its position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS – Free Report) by 48.8% in the 4th quarter, Holdings Channel reports. The fund owned 171,555 shares of the real estate investment trust’s stock after selling 163,596 shares during the quarter. ProShares UltraShort S&P500 accounts for approximately 0.7% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 20th largest position. Legacy Capital Wealth Partners LLC’s holdings in ProShares UltraShort S&P500 were worth $3,374,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in SDS. Capital Investment Advisory Services LLC purchased a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter valued at about $32,000. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraShort S&P500 by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,085 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 820 shares in the last quarter. Beacon Financial Group bought a new stake in ProShares UltraShort S&P500 in the fourth quarter valued at approximately $197,000. Axxcess Wealth Management LLC lifted its position in ProShares UltraShort S&P500 by 17.7% in the third quarter. Axxcess Wealth Management LLC now owns 10,970 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in ProShares UltraShort S&P500 in the third quarter valued at approximately $242,000.
ProShares UltraShort S&P500 Price Performance
SDS opened at $18.34 on Friday. ProShares UltraShort S&P500 has a 52-week low of $18.19 and a 52-week high of $28.15. The stock’s 50 day moving average price is $19.04 and its 200-day moving average price is $20.42.
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.
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