51,215 Shares in ProShares UltraShort S&P500 $SDS Purchased by Abbington Investment Group

Abbington Investment Group purchased a new position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,215 shares of the real estate investment trust’s stock, valued at approximately $3,508,000. ProShares UltraShort S&P500 accounts for about 2.4% of Abbington Investment Group’s portfolio, making the stock its 16th biggest holding. Abbington Investment Group owned about 1.03% of ProShares UltraShort S&P500 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of SDS. Genesis Financial Group LLC bought a new position in ProShares UltraShort S&P500 in the 4th quarter valued at about $3,479,000. JPMorgan Chase & Co. increased its holdings in ProShares UltraShort S&P500 by 25.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,368 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 2,281 shares during the period. Chelsea Counsel Co. bought a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at about $609,000. XTX Topco Ltd bought a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at about $623,000. Finally, Clough Capital Partners L P bought a new position in ProShares UltraShort S&P500 in the 3rd quarter valued at about $6,886,000.

ProShares UltraShort S&P500 Price Performance

SDS stock opened at $66.04 on Wednesday. ProShares UltraShort S&P500 has a 12 month low of $65.71 and a 12 month high of $123.50. The company’s 50-day moving average price is $70.83 and its two-hundred day moving average price is $70.08.

ProShares UltraShort S&P500 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.4152 dividend. This represents a $1.66 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.