ProShares UltraShort S&P500 (NYSEARCA:SDS) Shares Gap Up to $32.70

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ProShares UltraShort S&P500 (NYSEARCA:SDS)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $33.60, but opened at $32.70. ProShares UltraShort S&P500 shares last traded at $32.47, with a volume of 923,542 shares trading hands.

The firm has a fifty day moving average of $30.24 and a 200 day moving average of $32.50.

A number of large investors have recently bought and sold shares of SDS. FNY Investment Advisers LLC purchased a new position in ProShares UltraShort S&P500 in the first quarter valued at $54,000. Simplex Trading LLC increased its holdings in ProShares UltraShort S&P500 by 48.5% in the first quarter. Simplex Trading LLC now owns 33,746 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 11,015 shares during the last quarter. E&G Advisors LP purchased a new position in ProShares UltraShort S&P500 in the first quarter valued at $523,000. First Personal Financial Services increased its holdings in ProShares UltraShort S&P500 by 41.5% in the first quarter. First Personal Financial Services now owns 29,427 shares of the real estate investment trust’s stock valued at $980,000 after buying an additional 8,632 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its stake in ProShares UltraShort S&P500 by 1.3% in the first quarter. Capital Investment Advisory Services LLC now owns 136,295 shares of the real estate investment trust’s stock valued at $4,537,000 after acquiring an additional 1,731 shares in the last quarter.

ProShares UltraShort S&P500 Company Profile (NYSEARCA:SDS)

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.

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