Clough Capital Partners L P Invests $6.89 Million in ProShares UltraShort S&P500 $SDS

Clough Capital Partners L P purchased a new stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 476,550 shares of the real estate investment trust’s stock, valued at approximately $6,886,000. Clough Capital Partners L P owned 1.51% of ProShares UltraShort S&P500 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SDS. Citizens Financial Group Inc. RI lifted its holdings in ProShares UltraShort S&P500 by 8.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 27,106 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 2,125 shares during the period. Bedell Frazier Investment Counselling LLC bought a new stake in shares of ProShares UltraShort S&P500 in the 2nd quarter worth approximately $5,270,000. JPMorgan Chase & Co. increased its stake in shares of ProShares UltraShort S&P500 by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 835 shares during the period. Edgestream Partners L.P. purchased a new position in shares of ProShares UltraShort S&P500 during the second quarter valued at approximately $202,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of ProShares UltraShort S&P500 by 760.1% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 412,904 shares of the real estate investment trust’s stock valued at $6,875,000 after acquiring an additional 364,897 shares in the last quarter.

ProShares UltraShort S&P500 Stock Up 1.2%

Shares of SDS stock opened at $73.47 on Friday. The stock has a fifty day moving average of $68.03 and a 200 day moving average of $70.47. ProShares UltraShort S&P500 has a 52 week low of $65.71 and a 52 week high of $141.55.

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.