Kraft Davis & Associates LLC Raises Position in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Kraft Davis & Associates LLC increased its position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 39.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,085 shares of the real estate investment trust’s stock after purchasing an additional 8,240 shares during the quarter. Kraft Davis & Associates LLC’s holdings in ProShares UltraShort S&P500 were worth $613,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SDS. Axxcess Wealth Management LLC lifted its stake in ProShares UltraShort S&P500 by 17.7% in 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. Atria Investments Inc increased its stake in shares of ProShares UltraShort S&P500 by 24.7% in the 3rd quarter. Atria Investments Inc now owns 16,305 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 3,230 shares during the last quarter. Peregrine Asset Advisers Inc. raised its holdings in shares of ProShares UltraShort S&P500 by 50.0% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 15,000 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 5,000 shares during the period. Banque Cantonale Vaudoise acquired a new stake in ProShares UltraShort S&P500 during the second quarter worth about $230,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at approximately $227,000.

ProShares UltraShort S&P500 Trading Down 0.7 %

SDS opened at $19.75 on Wednesday. The business’s 50 day moving average price is $20.59 and its 200 day moving average price is $22.46. ProShares UltraShort S&P500 has a one year low of $19.06 and a one year high of $33.77.

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.