Legacy Capital Wealth Partners LLC Buys New Stake in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Legacy Capital Wealth Partners LLC bought a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the fourth quarter, Holdings Channel.com reports. The fund bought 79,879 shares of the real estate investment trust’s stock, valued at approximately $2,390,000. ProShares UltraShort S&P500 makes up about 0.7% of Legacy Capital Wealth Partners LLC’s portfolio, making the stock its 28th largest position.

A number of other hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter worth $877,000. Capital Investment Advisory Services LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter worth $74,000. Kraft Davis & Associates LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter worth $510,000. ORG Partners LLC acquired a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter worth $83,000. Finally, Arkadios Wealth Advisors lifted its stake in shares of ProShares UltraShort S&P500 by 6.4% in the 4th quarter. Arkadios Wealth Advisors now owns 11,018 shares of the real estate investment trust’s stock worth $330,000 after acquiring an additional 661 shares during the period.

ProShares UltraShort S&P500 Stock Down 1.9 %

Shares of NYSEARCA SDS traded down $0.51 during midday trading on Friday, hitting $26.53. The company had a trading volume of 10,097,119 shares, compared to its average volume of 9,385,912. ProShares UltraShort S&P500 has a twelve month low of $24.69 and a twelve month high of $41.41. The business has a 50-day simple moving average of $26.18 and a two-hundred day simple moving average of $30.12.

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.