Raffles Associates LP Raises Stock Position in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Raffles Associates LP lifted its holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 13.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,000 shares of the real estate investment trust’s stock after buying an additional 25,000 shares during the quarter. ProShares UltraShort S&P500 makes up about 5.3% of Raffles Associates LP’s portfolio, making the stock its 6th biggest position. Raffles Associates LP owned 1.01% of ProShares UltraShort S&P500 worth $4,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Gunderson Capital Management Inc. raised its position in ProShares UltraShort S&P500 by 153.6% during the 1st quarter. Gunderson Capital Management Inc. now owns 364,584 shares of the real estate investment trust’s stock valued at $9,064,000 after purchasing an additional 220,831 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in ProShares UltraShort S&P500 during the 2nd quarter worth about $3,132,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of ProShares UltraShort S&P500 in the 1st quarter valued at about $1,663,000. Envestnet Asset Management Inc. lifted its position in shares of ProShares UltraShort S&P500 by 48.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,714 shares of the real estate investment trust’s stock worth $4,740,000 after purchasing an additional 66,724 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in ProShares UltraShort S&P500 by 61.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 170,210 shares of the real estate investment trust’s stock valued at $5,093,000 after buying an additional 64,882 shares during the period.

ProShares UltraShort S&P500 Stock Down 0.4 %

Shares of NYSEARCA SDS opened at $21.26 on Tuesday. ProShares UltraShort S&P500 has a 12-month low of $21.09 and a 12-month high of $40.75. The stock’s fifty day simple moving average is $22.74 and its two-hundred day simple moving average is $24.11.

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.