IMC Chicago LLC Sells 589,085 Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS)

IMC Chicago LLC lessened its position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 92.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,524 shares of the real estate investment trust’s stock after selling 589,085 shares during the period. IMC Chicago LLC owned 0.17% of ProShares UltraShort S&P500 worth $1,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Capital Investment Advisory Services LLC acquired a new stake in ProShares UltraShort S&P500 in the fourth quarter worth $74,000. ORG Partners LLC acquired a new position in shares of ProShares UltraShort S&P500 during the fourth quarter valued at about $83,000. Parallel Advisors LLC grew its holdings in shares of ProShares UltraShort S&P500 by 17.2% during the fourth quarter. Parallel Advisors LLC now owns 3,318 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 487 shares during the last quarter. VitalStone Financial LLC grew its holdings in shares of ProShares UltraShort S&P500 by 250.0% during the third quarter. VitalStone Financial LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 2,500 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in shares of ProShares UltraShort S&P500 during the third quarter valued at about $213,000.

ProShares UltraShort S&P500 Trading Down 0.3 %

Shares of NYSEARCA SDS opened at $22.83 on Friday. The company has a 50-day moving average price of $24.95 and a 200-day moving average price of $26.86. ProShares UltraShort S&P500 has a 1 year low of $22.78 and a 1 year high of $40.75.

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.