Foundations Investment Advisors LLC Takes Position in ProShares UltraShort S&P500 $SDS

Foundations Investment Advisors LLC bought a new position in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the third quarter, Holdings Channel reports. The firm bought 31,378 shares of the real estate investment trust’s stock, valued at approximately $453,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Genesee Capital Advisors LLC bought a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at $161,000. Csenge Advisory Group purchased a new stake in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at about $3,832,000. Global Trust Asset Management LLC purchased a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at $29,000. Bogart Wealth LLC bought a new stake in ProShares UltraShort S&P500 in the 3rd quarter worth approximately $51,000. Finally, Ridgepath Capital Management LLC purchased a new stake in ProShares UltraShort S&P500 during the 3rd quarter valued at about $8,727,000.

ProShares UltraShort S&P500 Stock Performance

SDS stock opened at $66.25 on Tuesday. ProShares UltraShort S&P500 has a 12-month low of $65.71 and a 12-month high of $141.55. The firm’s 50-day moving average price is $68.18 and its two-hundred day moving average price is $72.56.

ProShares UltraShort S&P500 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.