86,608 Shares in ProShares UltraShort Utilities $SDP Bought by IMC Chicago LLC

IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Utilities (NYSEARCA:SDP) in the fourth quarter, HoldingsChannel reports. The fund acquired 86,608 shares of the company’s stock, valued at approximately $1,080,000. IMC Chicago LLC owned 0.46% of ProShares UltraShort Utilities at the end of the most recent reporting period.

ProShares UltraShort Utilities Price Performance

Shares of NYSEARCA SDP opened at $10.49 on Tuesday. The business has a 50 day simple moving average of $10.54 and a 200 day simple moving average of $11.48. ProShares UltraShort Utilities has a 52 week low of $9.89 and a 52 week high of $15.37.

ProShares UltraShort Utilities Profile

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.