AXS Investments LLC Has $1.52 Million Holdings in ProShares UltraShort S&P500 $SDS

AXS Investments LLC cut its holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 80.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,120 shares of the real estate investment trust’s stock after selling 88,480 shares during the quarter. AXS Investments LLC’s holdings in ProShares UltraShort S&P500 were worth $1,515,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake 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 during the period. Adell Harriman & Carpenter Inc. raised its position in shares of ProShares UltraShort S&P500 by 14.9% during the third quarter. Adell Harriman & Carpenter Inc. now owns 17,235 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 2,235 shares during the period. Tower Research Capital LLC TRC raised its position in shares of ProShares UltraShort S&P500 by 5.9% during the third quarter. Tower Research Capital LLC TRC now owns 45,185 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 2,502 shares during the period. Integrated Advisors Network LLC raised its position in shares of ProShares UltraShort S&P500 by 4.9% during the third quarter. Integrated Advisors Network LLC now owns 61,276 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 2,861 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares UltraShort S&P500 during the fourth quarter worth approximately $205,000.

ProShares UltraShort S&P500 Stock Down 0.4%

Shares of NYSEARCA:SDS opened at $56.16 on Friday. ProShares UltraShort S&P500 has a twelve month low of $55.91 and a twelve month high of $94.20. The stock’s 50 day moving average is $65.24 and its 200-day moving average is $67.68.

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.