ProShares UltraShort S&P500 (NYSEARCA:SDS) Holdings Raised by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its holdings in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 48.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the real estate investment trust’s stock after purchasing an additional 3,242 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in ProShares UltraShort S&P500 were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Pathstone Family Office LLC bought a new stake in shares of ProShares UltraShort S&P500 in the third quarter valued at about $15,176,000. Raymond James & Associates bought a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at $6,419,000. Gunderson Capital Management Inc. acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth about $4,301,000. Legacy Capital Wealth Partners LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter valued at about $2,390,000. Finally, Sowell Financial Services LLC bought a new position in ProShares UltraShort S&P500 during the 3rd quarter valued at $1,677,000.

ProShares UltraShort S&P500 Stock Performance

Shares of SDS traded up $0.15 during mid-day trading on Tuesday, hitting $26.51. The stock had a trading volume of 1,935,836 shares, compared to its average volume of 9,278,884. The business has a fifty day moving average price of $26.15 and a 200-day moving average price of $30.01. ProShares UltraShort S&P500 has a 52 week low of $24.69 and a 52 week high of $41.41.

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.