Renaissance Technologies LLC Invests $1.26 Million in ProShares UltraShort S&P500 $SDS

Renaissance Technologies LLC acquired a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,700 shares of the real estate investment trust’s stock, valued at approximately $1,257,000. Renaissance Technologies LLC owned about 0.23% of ProShares UltraShort S&P500 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Integrated Advisors Network LLC raised its stake in ProShares UltraShort S&P500 by 1,311.4% during the first quarter. Integrated Advisors Network LLC now owns 150,056 shares of the real estate investment trust’s stock worth $11,292,000 after buying an additional 139,424 shares during the last quarter. Jump Financial LLC grew its holdings in ProShares UltraShort S&P500 by 30.8% during the 3rd quarter. Jump Financial LLC now owns 475,804 shares of the real estate investment trust’s stock worth $6,875,000 after acquiring an additional 112,001 shares during the period. Goldman Sachs Group Inc. acquired a new stake in ProShares UltraShort S&P500 during the 4th quarter worth about $6,849,000. Group One Trading LLC bought a new position in shares of ProShares UltraShort S&P500 in the 2nd quarter worth about $1,656,000. Finally, Quadrature Capital Ltd bought a new position in shares of ProShares UltraShort S&P500 in the 4th quarter worth about $5,547,000.

ProShares UltraShort S&P500 Price Performance

Shares of NYSEARCA:SDS opened at $52.76 on Friday. ProShares UltraShort S&P500 has a 1 year low of $52.54 and a 1 year high of $80.50. The business’s 50-day moving average is $57.00 and its 200-day moving average is $63.02.

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.