FNY Investment Advisers LLC Acquires New Holdings in ProShares UltraShort S&P500 (SDS)

FNY Investment Advisers LLC acquired a new position in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,650 shares of the real estate investment trust’s stock, valued at approximately $54,000.

Several other hedge funds also recently modified their holdings of the company. Kings Point Capital Management acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth approximately $26,000. PNC Financial Services Group Inc. acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth approximately $86,000. FTB Advisors Inc. acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth approximately $87,000. JFS Wealth Advisors LLC lifted its holdings in ProShares UltraShort S&P500 by 70.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 8,500 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 3,500 shares in the last quarter. Finally, Terril Brothers Inc. acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth approximately $404,000.

Shares of SDS opened at $31.72 on Friday. ProShares UltraShort S&P500 has a twelve month low of $31.40 and a twelve month high of $49.47.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a $0.0902 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.14%.

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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.

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Want to see what other hedge funds are holding SDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort S&P500 (NYSEARCA:SDS).

Institutional Ownership by Quarter for ProShares UltraShort S&P500 (NYSEARCA:SDS)

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