Axxcess Wealth Management LLC Acquires New Holdings in ProShares UltraShort S&P500 $SDS

Axxcess Wealth Management LLC bought a new position in ProShares UltraShort S&P500 (NYSEARCA:SDSFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 299,078 shares of the real estate investment trust’s stock, valued at approximately $4,322,000. Axxcess Wealth Management LLC owned about 0.95% of ProShares UltraShort S&P500 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new position in shares of ProShares UltraShort S&P500 during the third quarter worth approximately $29,000. Bogart Wealth LLC acquired a new stake in ProShares UltraShort S&P500 in the 3rd quarter valued at approximately $51,000. JPMorgan Chase & Co. raised its stake in ProShares UltraShort S&P500 by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,087 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 835 shares in the last quarter. Genesee Capital Advisors LLC bought a new stake in ProShares UltraShort S&P500 during the 3rd quarter valued at $161,000. Finally, Edgestream Partners L.P. acquired a new position in ProShares UltraShort S&P500 during the 2nd quarter worth $202,000.

ProShares UltraShort S&P500 Price Performance

Shares of SDS opened at $68.16 on Thursday. ProShares UltraShort S&P500 has a one year low of $65.71 and a one year high of $141.55. The stock’s fifty day moving average is $67.82 and its 200-day moving average is $71.60.

About ProShares UltraShort S&P500

(Free Report)

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

Institutional Ownership by Quarter for ProShares UltraShort S&P500 (NYSEARCA:SDS)

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