U S Wealth Group LLC. Has $200,000 Stock Holdings in ProShares UltraShort S&P500 $SDS

U S Wealth Group LLC. decreased its stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 78.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,518 shares of the real estate investment trust’s stock after selling 13,147 shares during the period. U S Wealth Group LLC.’s holdings in ProShares UltraShort S&P500 were worth $200,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake 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 worth $204,000 after buying an additional 350 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of ProShares UltraShort S&P500 by 10.1% in 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 during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of ProShares UltraShort S&P500 by 8.0% during the 4th quarter. Squarepoint Ops LLC now owns 12,271 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 910 shares in the last quarter. Colonial Trust Advisors acquired a new stake in shares of ProShares UltraShort S&P500 during the 4th quarter valued at $94,000. Finally, Simplex Trading LLC bought a new position in ProShares UltraShort S&P500 in the fourth quarter valued at about $159,000.

ProShares UltraShort S&P500 Price Performance

Shares of SDS stock opened at $55.93 on Friday. The business’s 50-day moving average price is $55.48 and its 200-day moving average price is $61.17. ProShares UltraShort S&P500 has a 12 month low of $52.54 and a 12 month high of $80.50.

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.