ProShares UltraShort S&P500 (NYSEARCA:SDS) Shares Gap Up to $32.76

ProShares UltraShort S&P500 (NYSEARCA:SDS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $33.61, but opened at $32.76. ProShares UltraShort S&P500 shares last traded at $32.49, with a volume of 380,072 shares changing hands.

The business’s 50-day moving average price is $30.12.

Large investors have recently made changes to their positions in the stock. Terril Brothers Inc. lifted its position in shares of ProShares UltraShort S&P500 by 2,953.8% during the 2nd quarter. Terril Brothers Inc. now owns 256,882 shares of the real estate investment trust’s stock valued at $7,891,000 after acquiring an additional 248,470 shares during the period. Brave Asset Management Inc. acquired a new stake in shares of ProShares UltraShort S&P500 during the 2nd quarter valued at approximately $605,000. Envestnet Asset Management Inc. lifted its position in shares of ProShares UltraShort S&P500 by 3.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,812 shares of the real estate investment trust’s stock valued at $547,000 after acquiring an additional 561 shares during the period. TRUE Private Wealth Advisors acquired a new stake in shares of ProShares UltraShort S&P500 during the 2nd quarter valued at approximately $46,000. Finally, WESPAC Advisors SoCal LLC acquired a new stake in shares of ProShares UltraShort S&P500 during the 2nd quarter valued at approximately $2,783,000.

About ProShares UltraShort S&P500 (NYSEARCA:SDS)

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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