Legacy Capital Wealth Partners LLC Grows Stake in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Legacy Capital Wealth Partners LLC lifted its stake in shares of ProShares UltraShort S&P500 (NYSEARCA:SDS) by 146.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 335,151 shares of the real estate investment trust’s stock after purchasing an additional 199,208 shares during the period. ProShares UltraShort S&P500 comprises 1.2% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 15th biggest position. Legacy Capital Wealth Partners LLC owned about 1.65% of ProShares UltraShort S&P500 worth $6,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Simplicity Wealth LLC purchased a new stake in ProShares UltraShort S&P500 during the 3rd quarter valued at about $227,000. Peregrine Asset Advisers Inc. purchased a new stake in ProShares UltraShort S&P500 during the 2nd quarter valued at about $230,000. Banque Cantonale Vaudoise purchased a new stake in ProShares UltraShort S&P500 during the 2nd quarter valued at about $230,000. Fidelis Capital Partners LLC purchased a new stake in ProShares UltraShort S&P500 during the 3rd quarter valued at about $242,000. Finally, Axxcess Wealth Management LLC grew its stake in shares of ProShares UltraShort S&P500 by 64.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 11,725 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 4,605 shares during the period.

ProShares UltraShort S&P500 Price Performance

ProShares UltraShort S&P500 stock opened at $19.18 on Friday. The firm has a 50 day simple moving average of $21.05 and a 200-day simple moving average of $22.84. ProShares UltraShort S&P500 has a 1-year low of $19.09 and a 1-year high of $36.43.

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.