Cutter & CO Brokerage Inc. Cuts Holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Cutter & CO Brokerage Inc. lessened its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,750 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in ProShares UltraShort S&P500 were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Simplicity Wealth LLC acquired a new stake in ProShares UltraShort S&P500 in the third quarter valued at $227,000. Peregrine Asset Advisers Inc. purchased a new stake in shares of ProShares UltraShort S&P500 in the second quarter valued at about $230,000. Banque Cantonale Vaudoise purchased a new position in shares of ProShares UltraShort S&P500 during the 2nd quarter worth approximately $230,000. Axxcess Wealth Management LLC lifted its holdings in ProShares UltraShort S&P500 by 64.7% in the first quarter. Axxcess Wealth Management LLC now owns 11,725 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 4,605 shares during the period. Finally, Norden Group LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the first quarter valued at about $311,000.

ProShares UltraShort S&P500 Stock Performance

Shares of SDS traded up $0.07 on Tuesday, reaching $20.39. The stock had a trading volume of 697,699 shares, compared to its average volume of 10,411,299. ProShares UltraShort S&P500 has a twelve month low of $19.88 and a twelve month high of $40.18. The firm has a 50-day moving average of $21.35 and a 200 day moving average of $23.24.

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.