Integrated Advisors Network LLC Has $22.69 Million Stake in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Integrated Advisors Network LLC grew its position in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 5,141.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,099,751 shares of the real estate investment trust’s stock after buying an additional 1,078,768 shares during the period. ProShares UltraShort S&P500 makes up 1.1% of Integrated Advisors Network LLC’s portfolio, making the stock its 11th largest position. Integrated Advisors Network LLC owned approximately 5.41% of ProShares UltraShort S&P500 worth $22,689,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Peregrine Asset Advisers Inc. acquired a new position in shares of ProShares UltraShort S&P500 in the second quarter valued at approximately $230,000. Banque Cantonale Vaudoise acquired a new position in ProShares UltraShort S&P500 in the 2nd quarter worth $230,000. Simplicity Wealth LLC bought a new position in ProShares UltraShort S&P500 during the 3rd quarter worth about $227,000. Axxcess Wealth Management LLC grew its holdings in shares of ProShares UltraShort S&P500 by 64.7% during the first quarter. Axxcess Wealth Management LLC now owns 11,725 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 4,605 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in ProShares UltraShort S&P500 in the 1st quarter valued at approximately $311,000.

ProShares UltraShort S&P500 Price Performance

Shares of SDS stock opened at $20.39 on Tuesday. ProShares UltraShort S&P500 has a 12 month low of $19.88 and a 12 month high of $40.18. The company’s fifty day simple moving average is $21.35 and its 200-day simple moving average is $23.24.

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.