IMC Chicago LLC Raises Stake in ProShares UltraShort S&P500 $SDS

IMC Chicago LLC lifted its stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 12.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,929 shares of the real estate investment trust’s stock after purchasing an additional 11,085 shares during the quarter. IMC Chicago LLC owned about 1.42% of ProShares UltraShort S&P500 worth $7,670,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Colonial Trust Advisors purchased a new stake in ProShares UltraShort S&P500 during the fourth quarter worth about $94,000. JPMorgan Chase & Co. increased its holdings in ProShares UltraShort S&P500 by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 835 shares in the last quarter. Simplex Trading LLC purchased a new position in ProShares UltraShort S&P500 in the fourth quarter valued at about $159,000. Sunbelt Securities Inc. acquired a new stake in shares of ProShares UltraShort S&P500 during the 4th quarter valued at approximately $178,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the 4th quarter valued at approximately $205,000.

ProShares UltraShort S&P500 Price Performance

Shares of NYSEARCA:SDS opened at $55.82 on Thursday. The business’s 50 day simple moving average is $57.67 and its 200-day simple moving average is $64.68. ProShares UltraShort S&P500 has a 12 month low of $55.60 and a 12 month high of $83.63.

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.