IMC Chicago LLC Has $643,000 Stake in ProShares UltraShort Utilities $SDP

IMC Chicago LLC trimmed its position in ProShares UltraShort Utilities (NYSEARCA:SDP) by 30.5% during the first quarter, HoldingsChannel.com reports. The firm owned 60,212 shares of the company’s stock after selling 26,396 shares during the quarter. IMC Chicago LLC owned 0.13% of ProShares UltraShort Utilities worth $643,000 as of its most recent SEC filing.

ProShares UltraShort Utilities Stock Up 2.2%

SDP stock opened at $21.60 on Thursday. ProShares UltraShort Utilities has a fifty-two week low of $19.78 and a fifty-two week high of $27.94. The business has a 50-day moving average of $22.22 and a 200-day moving average of $22.35.

About ProShares UltraShort Utilities

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.