Chelsea Counsel Co. Has $578,000 Stock Position in ProShares UltraShort S&P500 $SDS

Chelsea Counsel Co. reduced its position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 80.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,434 shares of the real estate investment trust’s stock after selling 33,736 shares during the period. Chelsea Counsel Co.’s holdings in ProShares UltraShort S&P500 were worth $578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abbington Investment Group acquired a new stake in shares of ProShares UltraShort S&P500 during the fourth quarter worth approximately $3,508,000. Blueprint Financial Advisors LLC acquired a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter worth approximately $361,000. Blueprint Investment Partners LLC acquired a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter worth approximately $361,000. Genesis Financial Group LLC acquired a new position in shares of ProShares UltraShort S&P500 in the 4th quarter worth approximately $3,479,000. Finally, Clough Capital Partners L P bought a new stake in ProShares UltraShort S&P500 during the 3rd quarter worth approximately $6,886,000.

ProShares UltraShort S&P500 Stock Performance

NYSEARCA SDS opened at $57.35 on Friday. The stock’s 50 day simple moving average is $60.34 and its 200 day simple moving average is $66.29. ProShares UltraShort S&P500 has a one year low of $55.60 and a one year high of $91.50.

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.