Bedell Frazier Investment Counselling LLC Purchases 243,247 Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS)

Bedell Frazier Investment Counselling LLC boosted its position in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 142.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 414,453 shares of the real estate investment trust’s stock after purchasing an additional 243,247 shares during the quarter. ProShares UltraShort S&P500 comprises about 2.0% of Bedell Frazier Investment Counselling LLC’s portfolio, making the stock its 15th biggest holding. Bedell Frazier Investment Counselling LLC owned approximately 2.04% of ProShares UltraShort S&P500 worth $8,550,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Advisors Network LLC increased its holdings in ProShares UltraShort S&P500 by 5,141.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,099,751 shares of the real estate investment trust’s stock worth $22,689,000 after purchasing an additional 1,078,768 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in ProShares UltraShort S&P500 by 146.5% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 335,151 shares of the real estate investment trust’s stock worth $6,914,000 after purchasing an additional 199,208 shares in the last quarter. PVG Asset Management Corp acquired a new position in ProShares UltraShort S&P500 in the 2nd quarter worth about $2,733,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at about $2,029,000. Finally, Envestnet Asset Management Inc. grew its position in shares of ProShares UltraShort S&P500 by 48.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,714 shares of the real estate investment trust’s stock valued at $4,740,000 after buying an additional 66,724 shares during the last quarter.

ProShares UltraShort S&P500 Trading Down 0.5 %

NYSEARCA SDS opened at $19.43 on Monday. The business’s 50-day moving average price is $20.43 and its two-hundred day moving average price is $22.33. ProShares UltraShort S&P500 has a 12 month low of $19.06 and a 12 month high of $33.49.

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.