ProShares UltraShort S&P500 (NYSEARCA:SDS) Reaches New 52-Week High – Time to Buy?

ProShares UltraShort S&P500 (NYSEARCA:SDS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.31 and last traded at $28.15, with a volume of 5972302 shares traded. The stock had previously closed at $25.86.

ProShares UltraShort S&P500 Trading Up 2.1 %

The business has a fifty day moving average price of $20.09 and a 200 day moving average price of $19.88.

ProShares UltraShort S&P500 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.2335 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of ProShares UltraShort S&P500

A number of hedge funds and other institutional investors have recently modified their holdings of SDS. IMC Chicago LLC increased its holdings in shares of ProShares UltraShort S&P500 by 268.9% in the fourth quarter. IMC Chicago LLC now owns 362,765 shares of the real estate investment trust’s stock valued at $7,136,000 after buying an additional 264,432 shares in the last quarter. Two Sigma Securities LLC lifted its stake in ProShares UltraShort S&P500 by 351.7% during the fourth quarter. Two Sigma Securities LLC now owns 211,744 shares of the real estate investment trust’s stock valued at $4,165,000 after buying an additional 164,868 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in ProShares UltraShort S&P500 in the 4th quarter worth approximately $2,662,000. Beaumont Financial Advisors LLC acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter valued at $1,823,000. Finally, PVG Asset Management Corp boosted its position in shares of ProShares UltraShort S&P500 by 46.4% in the third quarter. PVG Asset Management Corp now owns 173,587 shares of the real estate investment trust’s stock worth $3,581,000 after buying an additional 54,984 shares during the period.

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.