Bedell Frazier Investment Counselling LLC Raises Stock Holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Bedell Frazier Investment Counselling LLC lifted its holdings in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 142.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 414,453 shares of the real estate investment trust’s stock after acquiring an additional 243,247 shares during the quarter. ProShares UltraShort S&P500 accounts for about 2.0% of Bedell Frazier Investment Counselling LLC’s holdings, making the stock its 15th largest position. Bedell Frazier Investment Counselling LLC’s holdings in ProShares UltraShort S&P500 were worth $8,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Integrated Advisors Network LLC increased its position in shares of ProShares UltraShort S&P500 by 5,141.2% during the third quarter. Integrated Advisors Network LLC now owns 1,099,751 shares of the real estate investment trust’s stock valued at $22,689,000 after acquiring an additional 1,078,768 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in shares of ProShares UltraShort S&P500 by 146.5% during the third quarter. Legacy Capital Wealth Partners LLC now owns 335,151 shares of the real estate investment trust’s stock valued at $6,914,000 after acquiring an additional 199,208 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of ProShares UltraShort S&P500 by 48.0% in the second quarter. Envestnet Asset Management Inc. now owns 205,714 shares of the real estate investment trust’s stock valued at $4,740,000 after buying an additional 66,724 shares during the period. Raffles Associates LP raised its stake in shares of ProShares UltraShort S&P500 by 13.9% in the second quarter. Raffles Associates LP now owns 205,000 shares of the real estate investment trust’s stock valued at $4,723,000 after buying an additional 25,000 shares during the period. Finally, Arlington Capital Management Inc. raised its stake in shares of ProShares UltraShort S&P500 by 38.7% in the third quarter. Arlington Capital Management Inc. now owns 203,836 shares of the real estate investment trust’s stock valued at $4,205,000 after buying an additional 56,833 shares during the period.

ProShares UltraShort S&P500 Trading Down 0.5 %

Shares of NYSEARCA SDS opened at $19.43 on Monday. ProShares UltraShort S&P500 has a fifty-two week low of $19.06 and a fifty-two week high of $33.49. The stock has a fifty day moving average of $20.43 and a 200-day moving average of $22.33.

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.