Meridian Wealth Management LLC Invests $397,000 in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Meridian Wealth Management LLC bought a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,656 shares of the real estate investment trust’s stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PVG Asset Management Corp purchased a new position in ProShares UltraShort S&P500 in the fourth quarter valued at about $9,579,000. Capital Investment Advisory Services LLC grew its stake in ProShares UltraShort S&P500 by 1.3% in the first quarter. Capital Investment Advisory Services LLC now owns 136,295 shares of the real estate investment trust’s stock valued at $4,537,000 after purchasing an additional 1,731 shares during the last quarter. Meditor Group Ltd purchased a new position in ProShares UltraShort S&P500 in the first quarter valued at about $3,828,000. Peregrine Asset Advisers Inc. grew its stake in ProShares UltraShort S&P500 by 41.9% in the first quarter. Peregrine Asset Advisers Inc. now owns 70,485 shares of the real estate investment trust’s stock valued at $2,346,000 after purchasing an additional 20,802 shares during the last quarter. Finally, Simplex Trading LLC grew its stake in ProShares UltraShort S&P500 by 48.5% in the first quarter. Simplex Trading LLC now owns 33,746 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 11,015 shares during the last quarter.

SDS opened at $31.98 on Monday. ProShares UltraShort S&P500 has a 1 year low of $30.72 and a 1 year high of $49.47.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2019/06/17/meridian-wealth-management-llc-invests-397000-in-proshares-ultrashort-sp500-nysearcasds.html.

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.

Read More: Intrinsic Value

Want to see what other hedge funds are holding SDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort S&P500 (NYSEARCA:SDS).

Institutional Ownership by Quarter for ProShares UltraShort S&P500 (NYSEARCA:SDS)

Receive News & Ratings for ProShares UltraShort S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.