IMC Chicago LLC Cuts Stock Position in ProShares UltraShort S&P500 $SDS

IMC Chicago LLC cut its stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 32.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,168 shares of the real estate investment trust’s stock after selling 32,761 shares during the quarter. IMC Chicago LLC owned 0.95% of ProShares UltraShort S&P500 worth $3,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDS. Integrated Advisors Network LLC increased its stake in ProShares UltraShort S&P500 by 1,311.4% in the 1st quarter. Integrated Advisors Network LLC now owns 150,056 shares of the real estate investment trust’s stock valued at $11,292,000 after buying an additional 139,424 shares during the period. Three Seasons Wealth LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 1st quarter worth $4,984,000. Renaissance Technologies LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 1st quarter worth $1,257,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ProShares UltraShort S&P500 in the fourth quarter valued at about $205,000. Finally, Diversify Advisory Services LLC boosted its holdings in shares of ProShares UltraShort S&P500 by 23.7% in the second quarter. Diversify Advisory Services LLC now owns 76,240 shares of the real estate investment trust’s stock valued at $1,187,000 after acquiring an additional 14,594 shares in the last quarter.

ProShares UltraShort S&P500 Price Performance

NYSEARCA SDS opened at $54.14 on Friday. ProShares UltraShort S&P500 has a 52-week low of $52.54 and a 52-week high of $80.50. The firm has a 50-day moving average price of $56.09 and a 200 day moving average price of $62.06.

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.