ProShares UltraShort S&P500 (NYSEARCA:SDS) Sets New 12-Month Low at $28.79

Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) hit a new 52-week low during trading on Thursday . The stock traded as low as $28.79 and last traded at $28.83, with a volume of 227729 shares trading hands. The stock had previously closed at $29.15.

The company’s 50-day moving average price is $30.76 and its 200 day moving average price is $31.90.

Several hedge funds have recently made changes to their positions in SDS. Bank of Montreal Can grew its stake in ProShares UltraShort S&P500 by 200.0% during the first quarter. Bank of Montreal Can now owns 900 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 600 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of ProShares UltraShort S&P500 in the 2nd quarter worth $40,000. TRUE Private Wealth Advisors bought a new stake in ProShares UltraShort S&P500 during the 2nd quarter valued at about $46,000. Captrust Financial Advisors bought a new stake in ProShares UltraShort S&P500 during the 2nd quarter valued at about $49,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in ProShares UltraShort S&P500 during the 1st quarter valued at about $72,000.



About ProShares UltraShort S&P500 (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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