Sollinda Capital Management LLC Takes $19.05 Million Position in ProShares UltraShort S&P500 $SDS

Sollinda Capital Management LLC bought a new position in ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 3rd quarter, Holdings Channel reports. The firm bought 1,318,406 shares of the real estate investment trust’s stock, valued at approximately $19,051,000. ProShares UltraShort S&P500 comprises about 5.2% of Sollinda Capital Management LLC’s portfolio, making the stock its 6th largest holding.

A number of other large investors have also recently made changes to their positions in SDS. RHS Financial LLC purchased a new stake in ProShares UltraShort S&P500 in the 2nd quarter worth about $228,000. Simplex Trading LLC raised its holdings in shares of ProShares UltraShort S&P500 by 351.6% in the second quarter. Simplex Trading LLC now owns 29,176 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 22,716 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter worth approximately $453,000. Adell Harriman & Carpenter Inc. lifted its stake in shares of ProShares UltraShort S&P500 by 14.9% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 15,000 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Raffles Associates LP boosted its holdings in ProShares UltraShort S&P500 by 26.3% during the 2nd quarter. Raffles Associates LP now owns 125,000 shares of the real estate investment trust’s stock valued at $2,081,000 after acquiring an additional 26,000 shares during the period.

ProShares UltraShort S&P500 Stock Down 1.0%

Shares of ProShares UltraShort S&P500 stock opened at $66.25 on Tuesday. The stock’s fifty day moving average is $68.18 and its two-hundred day moving average is $72.56. ProShares UltraShort S&P500 has a 52 week low of $65.71 and a 52 week high of $141.55.

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.