ProShares UltraShort S&P500 (NYSEARCA:SDS) Stake Lowered by Brave Asset Management Inc.

Brave Asset Management Inc. cut its stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDSGet Rating) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,770 shares of the real estate investment trust’s stock after selling 2,400 shares during the quarter. Brave Asset Management Inc.’s holdings in ProShares UltraShort S&P500 were worth $441,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Lindbrook Capital LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the 1st quarter valued at $107,000. Qube Research & Technologies Ltd increased its position in ProShares UltraShort S&P500 by 41.5% during the fourth quarter. Qube Research & Technologies Ltd now owns 3,680 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,080 shares during the last quarter. M&R Capital Management Inc. acquired a new position in ProShares UltraShort S&P500 during the second quarter worth $206,000. First Personal Financial Services acquired a new position in ProShares UltraShort S&P500 during the first quarter worth $159,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the first quarter valued at about $281,000.

ProShares UltraShort S&P500 Stock Up 4.7 %

Shares of NYSEARCA SDS traded up $2.32 during mid-day trading on Friday, hitting $52.18. The company had a trading volume of 486,329 shares, compared to its average volume of 12,219,106. The business’s 50-day simple moving average is $43.70 and its 200-day simple moving average is $44.00. ProShares UltraShort S&P500 has a 12 month low of $34.55 and a 12 month high of $54.91.

About ProShares UltraShort S&P500

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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.

Further Reading

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

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