Genesis Financial Group LLC Makes New Investment in ProShares UltraShort S&P500 $SDS

Genesis Financial Group LLC bought a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,800 shares of the real estate investment trust’s stock, valued at approximately $3,479,000. ProShares UltraShort S&P500 comprises 2.0% of Genesis Financial Group LLC’s investment portfolio, making the stock its 13th biggest position. Genesis Financial Group LLC owned about 0.98% of ProShares UltraShort S&P500 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in ProShares UltraShort S&P500 during the 3rd quarter worth approximately $29,000. Bogart Wealth LLC acquired a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at $51,000. JFS Wealth Advisors LLC acquired a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at $87,000. JPMorgan Chase & Co. increased its position in ProShares UltraShort S&P500 by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 835 shares during the period. Finally, Genesee Capital Advisors LLC bought a new position in ProShares UltraShort S&P500 during the 3rd quarter worth $161,000.

ProShares UltraShort S&P500 Price Performance

SDS opened at $74.03 on Friday. The stock has a fifty day moving average of $70.26 and a 200-day moving average of $70.33. ProShares UltraShort S&P500 has a fifty-two week low of $65.71 and a fifty-two week high of $141.55.

ProShares UltraShort S&P500 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.4152 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $1.66 annualized dividend and a yield of 2.2%.

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.