ProShares UltraShort S&P500 (NYSEARCA:SDS) is PVG Asset Management Corp’s 2nd Largest Position

PVG Asset Management Corp boosted its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 12.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 224,027 shares of the real estate investment trust’s stock after buying an additional 24,876 shares during the quarter. ProShares UltraShort S&P500 accounts for approximately 7.2% of PVG Asset Management Corp’s portfolio, making the stock its 2nd biggest position. PVG Asset Management Corp’s holdings in ProShares UltraShort S&P500 were worth $6,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in ProShares UltraShort S&P500 in the 2nd quarter valued at $40,000. Tower Research Capital LLC TRC raised its position in ProShares UltraShort S&P500 by 14.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 181,763 shares of the real estate investment trust’s stock valued at $5,584,000 after buying an additional 22,549 shares during the last quarter. US Bancorp DE purchased a new stake in ProShares UltraShort S&P500 in the 2nd quarter valued at $111,000. Captrust Financial Advisors purchased a new stake in ProShares UltraShort S&P500 in the 2nd quarter valued at $49,000. Finally, Bank of New York Mellon Corp purchased a new stake in ProShares UltraShort S&P500 in the 2nd quarter valued at $997,000.

NYSEARCA SDS traded up $0.22 on Friday, reaching $29.26. The company had a trading volume of 253,529 shares, compared to its average volume of 5,765,837. The company’s fifty day moving average is $30.74 and its 200 day moving average is $31.71. ProShares UltraShort S&P500 has a 52-week low of $28.75 and a 52-week high of $49.47.

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.

Further Reading: Quick Ratio

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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