Kraft Davis & Associates LLC Takes Position in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Kraft Davis & Associates LLC bought a new position in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,770 shares of the real estate investment trust’s stock, valued at approximately $510,000. Kraft Davis & Associates LLC owned approximately 0.06% of ProShares UltraShort S&P500 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Pathstone Family Office LLC purchased a new position in ProShares UltraShort S&P500 in the third quarter valued at $15,176,000. Raymond James & Associates acquired a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter worth about $6,419,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of ProShares UltraShort S&P500 during the 1st quarter worth about $6,207,000. Gunderson Capital Management Inc. purchased a new stake in ProShares UltraShort S&P500 during the fourth quarter worth approximately $4,301,000. Finally, GTS Securities LLC acquired a new position in ProShares UltraShort S&P500 in the second quarter valued at approximately $3,326,000.

ProShares UltraShort S&P500 Trading Up 1.8 %

Shares of NYSEARCA SDS traded up $0.49 during mid-day trading on Friday, reaching $27.90. The company had a trading volume of 22,226,719 shares, compared to its average volume of 9,289,048. The firm has a 50 day simple moving average of $26.23 and a two-hundred day simple moving average of $30.52. ProShares UltraShort S&P500 has a 52-week low of $24.69 and a 52-week high of $41.41.

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.