Clough Capital Partners L P Takes $6.89 Million Position in ProShares UltraShort S&P500 $SDS

Clough Capital Partners L P purchased a new stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 476,550 shares of the real estate investment trust’s stock, valued at approximately $6,886,000.

A number of other institutional investors also recently bought and sold shares of SDS. Global Trust Asset Management LLC purchased a new stake in ProShares UltraShort S&P500 in the third quarter worth about $29,000. Bogart Wealth LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 3rd quarter worth approximately $51,000. JFS Wealth Advisors LLC bought a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter worth approximately $87,000. JPMorgan Chase & Co. raised its position in shares of ProShares UltraShort S&P500 by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 835 shares in the last quarter. Finally, Genesee Capital Advisors LLC purchased a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter valued at approximately $161,000.

ProShares UltraShort S&P500 Stock Performance

NYSEARCA SDS opened at $73.47 on Friday. ProShares UltraShort S&P500 has a twelve month low of $65.71 and a twelve month high of $141.55. The stock’s 50 day moving average is $68.03 and its 200 day moving average is $70.47.

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.