Axxcess Wealth Management LLC Invests $4.32 Million in ProShares UltraShort S&P500 $SDS

Axxcess Wealth Management LLC bought a new stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 299,078 shares of the real estate investment trust’s stock, valued at approximately $4,322,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC purchased a new stake in ProShares UltraShort S&P500 during the third quarter valued at about $453,000. Simplex Trading LLC raised its holdings in shares of ProShares UltraShort S&P500 by 351.6% during the second quarter. Simplex Trading LLC now owns 29,176 shares of the real estate investment trust’s stock valued at $485,000 after acquiring an additional 22,716 shares during the period. Sollinda Capital Management LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the third quarter valued at approximately $19,051,000. Adell Harriman & Carpenter Inc. lifted its position in shares of ProShares UltraShort S&P500 by 14.9% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 15,000 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 1,940 shares in the last quarter. Finally, Genesee Capital Advisors LLC acquired a new position in ProShares UltraShort S&P500 in the 3rd quarter worth approximately $161,000.

ProShares UltraShort S&P500 Trading Down 1.0%

NYSEARCA SDS opened at $68.16 on Thursday. The firm’s 50 day moving average price is $67.82 and its two-hundred day moving average price is $71.60. ProShares UltraShort S&P500 has a twelve month low of $65.71 and a twelve month high of $141.55.

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.