ProShares UltraShort S&P500 (NYSEARCA:SDS) Stock Holdings Boosted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 17.7% in the 3rd quarter, Holdings Channel reports. The fund owned 10,970 shares of the real estate investment trust’s stock after buying an additional 1,650 shares during the period. Axxcess Wealth Management LLC’s holdings in ProShares UltraShort S&P500 were worth $226,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Peregrine Asset Advisers Inc. bought a new position in shares of ProShares UltraShort S&P500 during the second quarter worth about $230,000. Banque Cantonale Vaudoise acquired a new stake in ProShares UltraShort S&P500 in the second quarter worth about $230,000. Simplicity Wealth LLC acquired a new stake in ProShares UltraShort S&P500 in the third quarter worth about $227,000. Fidelis Capital Partners LLC acquired a new stake in ProShares UltraShort S&P500 in the third quarter worth about $242,000. Finally, Atria Investments Inc lifted its holdings in ProShares UltraShort S&P500 by 24.7% in the third quarter. Atria Investments Inc now owns 16,305 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 3,230 shares during the period.

ProShares UltraShort S&P500 Stock Up 1.3 %

SDS stock opened at $19.52 on Friday. The company has a 50-day simple moving average of $20.79 and a 200 day simple moving average of $22.66. ProShares UltraShort S&P500 has a fifty-two week low of $19.06 and a fifty-two week high of $34.10.

About ProShares UltraShort S&P500

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.