Axxcess Wealth Management LLC Increases Holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Axxcess Wealth Management LLC raised its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,970 shares of the real estate investment trust’s stock after purchasing an additional 1,650 shares during the quarter. Axxcess Wealth Management LLC owned about 0.05% of ProShares UltraShort S&P500 worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SDS. Integrated Advisors Network LLC boosted its stake in shares of ProShares UltraShort S&P500 by 5,141.2% in 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 purchasing an additional 1,078,768 shares during the period. Legacy Capital Wealth Partners LLC boosted its position in ProShares UltraShort S&P500 by 146.5% in the 3rd 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 buying an additional 199,208 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in ProShares UltraShort S&P500 by 48.0% in the 2nd 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 last quarter. Raffles Associates LP increased its position in shares of ProShares UltraShort S&P500 by 13.9% during the second quarter. Raffles Associates LP now owns 205,000 shares of the real estate investment trust’s stock worth $4,723,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Arlington Capital Management Inc. lifted 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 worth $4,205,000 after acquiring an additional 56,833 shares in the last quarter.

ProShares UltraShort S&P500 Price Performance

Shares of SDS opened at $19.52 on Friday. ProShares UltraShort S&P500 has a one year low of $19.06 and a one year high of $34.10. The stock has a 50-day moving average price of $20.79 and a 200 day moving average price of $22.66.

ProShares UltraShort S&P500 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.