323,576 Shares of ProShares UltraShort S&P500 $SDS Acquired by Virtue Capital Management LLC

Virtue Capital Management LLC bought a new stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) during the third quarter, Holdings Channel.com reports. The fund bought 323,576 shares of the real estate investment trust’s stock, valued at approximately $17,641,000. ProShares UltraShort S&P500 accounts for approximately 2.3% of Virtue Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of SDS. NewEdge Advisors LLC increased its position in shares of ProShares UltraShort S&P500 by 10.8% during the second quarter. NewEdge Advisors LLC now owns 3,591 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 350 shares during the period. Beacon Financial Group bought a new stake in ProShares UltraShort S&P500 during the 1st quarter valued at approximately $241,000. Tidal Investments LLC purchased a new position in shares of ProShares UltraShort S&P500 during the 2nd quarter worth approximately $378,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of ProShares UltraShort S&P500 during the 1st quarter worth approximately $421,000. Finally, Ramsey Quantitative Systems purchased a new position in shares of ProShares UltraShort S&P500 during the 2nd quarter worth approximately $432,000.

ProShares UltraShort S&P500 Price Performance

Shares of NYSEARCA:SDS opened at $55.89 on Monday. ProShares UltraShort S&P500 has a 52-week low of $51.97 and a 52-week high of $80.50. The stock has a 50 day moving average price of $54.20 and a 200-day moving average price of $60.76.

ProShares UltraShort S&P500 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.