ProShares UltraShort S&P500 (NYSEARCA:SDS) Sets New 1-Year Low at $24.68

ProShares UltraShort S&P500 (NYSEARCA:SDSGet Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $24.68 and last traded at $24.71, with a volume of 4204163 shares changing hands. The stock had previously closed at $25.13.

ProShares UltraShort S&P500 Stock Down 2.4 %

The stock’s 50 day simple moving average is $25.98 and its two-hundred day simple moving average is $29.09.

Hedge Funds Weigh In On ProShares UltraShort S&P500

Several hedge funds have recently made changes to their positions in the business. Capital Investment Advisory Services LLC acquired a new position in shares of ProShares UltraShort S&P500 in the fourth quarter valued at $74,000. ORG Partners LLC bought a new position in ProShares UltraShort S&P500 during the 4th quarter worth approximately $83,000. Parallel Advisors LLC boosted its position in ProShares UltraShort S&P500 by 17.2% during the fourth quarter. Parallel Advisors LLC now owns 3,318 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 487 shares during the last quarter. VitalStone Financial LLC boosted its position in shares of ProShares UltraShort S&P500 by 250.0% during the 3rd quarter. VitalStone Financial LLC now owns 3,500 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in ProShares UltraShort S&P500 during the third quarter worth approximately $213,000.

ProShares UltraShort S&P500 Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for ProShares UltraShort S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.