Simplicity Wealth LLC Raises Stake in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Simplicity Wealth LLC increased its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 231.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,500 shares of the real estate investment trust’s stock after buying an additional 25,500 shares during the period. Simplicity Wealth LLC’s holdings in ProShares UltraShort S&P500 were worth $718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new stake in ProShares UltraShort S&P500 during the fourth quarter valued at about $32,000. JPMorgan Chase & Co. lifted its holdings in shares of ProShares UltraShort S&P500 by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 8,085 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 820 shares in the last quarter. Beacon Financial Group purchased a new stake in shares of ProShares UltraShort S&P500 in the fourth quarter worth about $197,000. Axxcess Wealth Management LLC increased its position in shares of ProShares UltraShort S&P500 by 17.7% in the third quarter. Axxcess Wealth Management LLC now owns 10,970 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in shares of ProShares UltraShort S&P500 in the fourth quarter worth approximately $275,000.

ProShares UltraShort S&P500 Stock Performance

SDS stock opened at $20.61 on Monday. The company’s 50 day moving average is $19.14 and its 200 day moving average is $19.97. ProShares UltraShort S&P500 has a 1-year low of $18.14 and a 1-year high of $28.05.

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.