ProShares UltraShort S&P500 (NYSEARCA:SDS) Shares Gap Down to $26.90

Shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) gapped down before the market opened on Friday . The stock had previously closed at $26.90, but opened at $26.26. ProShares UltraShort S&P500 shares last traded at $26.44, with a volume of 5,233,756 shares.

ProShares UltraShort S&P500 Stock Down 2.4 %

The firm has a fifty day simple moving average of $26.13 and a 200-day simple moving average of $29.84.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital Investment Advisory Services LLC bought a new position in shares of ProShares UltraShort S&P500 in the fourth quarter valued at approximately $74,000. Integrated Advisors Network LLC lifted its position in shares of ProShares UltraShort S&P500 by 6.6% during the third quarter. Integrated Advisors Network LLC now owns 28,061 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,726 shares in the last quarter. HighTower Advisors LLC grew its position in ProShares UltraShort S&P500 by 25.0% in the 3rd quarter. HighTower Advisors LLC now owns 15,507 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 3,103 shares in the last quarter. Sunbelt Securities Inc. increased its stake in ProShares UltraShort S&P500 by 81.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,020 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 4,512 shares during the last quarter. Finally, PVG Asset Management Corp purchased a new position in shares of ProShares UltraShort S&P500 in the 3rd quarter worth approximately $912,000.

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.