IMC Chicago LLC Trims Holdings in ProShares UltraShort S&P500 $SDS

IMC Chicago LLC cut its position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 51.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,468 shares of the real estate investment trust’s stock after selling 110,298 shares during the quarter. IMC Chicago LLC’s holdings in ProShares UltraShort S&P500 were worth $1,495,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in ProShares UltraShort S&P500 by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 835 shares during the last quarter. Adell Harriman & Carpenter Inc. lifted its stake in shares of ProShares UltraShort S&P500 by 14.9% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 15,000 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 1,940 shares during the period. Global Trust Asset Management LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 3rd quarter worth $29,000. Citizens Financial Group Inc. RI boosted its holdings in shares of ProShares UltraShort S&P500 by 8.5% during the second quarter. Citizens Financial Group Inc. RI now owns 27,106 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Bogart Wealth LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the third quarter worth $51,000.

ProShares UltraShort S&P500 Trading Down 3.8%

ProShares UltraShort S&P500 stock opened at $67.14 on Friday. The stock has a fifty day moving average price of $68.02 and a 200 day moving average price of $72.26. ProShares UltraShort S&P500 has a 52 week low of $65.71 and a 52 week high of $141.55.

About ProShares UltraShort S&P500

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.