ProShares UltraShort S&P500 (NYSEARCA:SDS) Stock Price Down 2.1% – Should You Sell?

ProShares UltraShort S&P500 (NYSEARCA:SDS)’s stock price were down 2.1% during trading on Friday . The stock traded as low as $21.79 and last traded at $21.96. Approximately 2,814,701 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 11,815,415 shares. The stock had previously closed at $22.43.

ProShares UltraShort S&P500 Trading Down 3.6 %

The firm has a fifty day moving average price of $19.27 and a 200-day moving average price of $19.98.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SDS. JPMorgan Chase & Co. increased its position in shares of ProShares UltraShort S&P500 by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 8,085 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 820 shares during the period. CoreCap Advisors LLC purchased a new position in ProShares UltraShort S&P500 during the 4th quarter valued at about $28,000. Capital Investment Advisory Services LLC purchased a new position in ProShares UltraShort S&P500 in the fourth quarter worth about $32,000. Axxcess Wealth Management LLC raised its stake in ProShares UltraShort S&P500 by 17.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,970 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 1,650 shares during the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of ProShares UltraShort S&P500 during the 4th quarter valued at about $49,000.

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.