IMC Chicago LLC Has $643,000 Position in ProShares UltraShort Utilities $SDP

IMC Chicago LLC lessened its position in ProShares UltraShort Utilities (NYSEARCA:SDP) by 30.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,212 shares of the company’s stock after selling 26,396 shares during the period. IMC Chicago LLC owned approximately 13.38% of ProShares UltraShort Utilities worth $643,000 as of its most recent filing with the SEC.

ProShares UltraShort Utilities Price Performance

Shares of NYSEARCA SDP opened at $21.60 on Thursday. The company’s fifty day moving average is $22.22 and its 200-day moving average is $22.35. ProShares UltraShort Utilities has a twelve month low of $19.78 and a twelve month high of $27.94.

About ProShares UltraShort Utilities

ProShares UltraShort Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.