Sollinda Capital Management LLC Buys Shares of 679,271 ProShares UltraPro Short S&P 500 $SPXU

Sollinda Capital Management LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 679,271 shares of the exchange traded fund’s stock, valued at approximately $9,177,000. ProShares UltraPro Short S&P 500 makes up about 2.5% of Sollinda Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Sollinda Capital Management LLC owned 1.58% of ProShares UltraPro Short S&P 500 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SPXU. IMC Chicago LLC bought a new position in ProShares UltraPro Short S&P 500 during the third quarter worth about $11,702,000. TD Waterhouse Canada Inc. acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its stake in ProShares UltraPro Short S&P 500 by 26.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 53,831 shares of the exchange traded fund’s stock worth $904,000 after purchasing an additional 11,397 shares in the last quarter. Tidal Investments LLC bought a new stake in ProShares UltraPro Short S&P 500 during the 2nd quarter worth approximately $752,000. Finally, Clough Capital Partners L P acquired a new stake in ProShares UltraPro Short S&P 500 during the 2nd quarter worth approximately $2,011,000.

ProShares UltraPro Short S&P 500 Trading Down 1.5%

ProShares UltraPro Short S&P 500 stock opened at $47.19 on Tuesday. The company has a 50 day moving average of $49.27 and a 200-day moving average of $54.33. ProShares UltraPro Short S&P 500 has a twelve month low of $46.65 and a twelve month high of $153.00.

ProShares UltraPro Short S&P 500 Company Profile

The Fund seeks daily investment results that correspond to triple the inverse of the daily performance of the Index. The Fund invests in derivatives that it believes should have similar daily return characteristics as triple the inverse of the daily performance of the Index.