Townsquare Capital LLC Takes Position in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Townsquare Capital LLC bought a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the real estate investment trust’s stock, valued at approximately $295,000.

Other hedge funds also recently modified their holdings of the company. IMC Chicago LLC boosted its position in ProShares UltraShort S&P500 by 268.9% during the fourth quarter. IMC Chicago LLC now owns 362,765 shares of the real estate investment trust’s stock worth $7,136,000 after acquiring an additional 264,432 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in ProShares UltraShort S&P500 in the fourth quarter valued at $2,662,000. Beaumont Financial Advisors LLC purchased a new position in ProShares UltraShort S&P500 during the fourth quarter worth about $1,823,000. PVG Asset Management Corp grew its holdings in ProShares UltraShort S&P500 by 46.4% in the 3rd quarter. PVG Asset Management Corp now owns 173,587 shares of the real estate investment trust’s stock valued at $3,581,000 after buying an additional 54,984 shares during the period. Finally, Powell Investment Advisors LLC acquired a new position in shares of ProShares UltraShort S&P500 during the 4th quarter valued at about $915,000.

ProShares UltraShort S&P500 Trading Up 4.6 %

Shares of SDS stock opened at $24.20 on Tuesday. ProShares UltraShort S&P500 has a 1-year low of $18.14 and a 1-year high of $28.31. The firm’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $20.12.

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.