ProShares UltraShort S&P500 (NYSEARCA:SDS) Sets New 12-Month Low at $26.68

Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) reached a new 52-week low on Monday . The stock traded as low as $26.68 and last traded at $26.80, with a volume of 115948 shares traded. The stock had previously closed at $26.78.

The company’s 50-day moving average is $28.87 and its two-hundred day moving average is $30.56.

Several hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of ProShares UltraShort S&P500 by 3.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,812 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 561 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in ProShares UltraShort S&P500 in the second quarter worth approximately $40,000. North Star Investment Management Corp. purchased a new stake in ProShares UltraShort S&P500 in the third quarter worth approximately $42,000. E&G Advisors LP boosted its stake in ProShares UltraShort S&P500 by 9.6% in the second quarter. E&G Advisors LP now owns 17,200 shares of the real estate investment trust’s stock worth $528,000 after buying an additional 1,500 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new stake in ProShares UltraShort S&P500 in the second quarter worth approximately $46,000.

ProShares UltraShort S&P500 Company Profile (NYSEARCA:SDS)

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.

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