Headlands Technologies LLC Takes $877,000 Position in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Headlands Technologies LLC purchased a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,307 shares of the real estate investment trust’s stock, valued at approximately $877,000. Headlands Technologies LLC owned approximately 0.11% of ProShares UltraShort S&P500 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pathstone Family Office LLC purchased a new stake in shares of ProShares UltraShort S&P500 in the third quarter valued at about $15,176,000. Raymond James & Associates purchased a new position in ProShares UltraShort S&P500 during the third quarter worth $6,419,000. Gunderson Capital Management Inc. purchased a new stake in ProShares UltraShort S&P500 during the 4th quarter worth about $4,301,000. Sowell Financial Services LLC acquired a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at about $1,677,000. Finally, Townsquare Capital LLC purchased a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at about $1,159,000.

ProShares UltraShort S&P500 Price Performance

Shares of NYSEARCA:SDS traded down $0.51 during midday trading on Friday, reaching $26.53. The company’s stock had a trading volume of 10,097,119 shares, compared to its average volume of 9,385,912. The business has a 50 day moving average price of $26.18 and a 200 day moving average price of $30.16. ProShares UltraShort S&P500 has a 1 year low of $24.69 and a 1 year high of $41.41.

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.