OLD Mission Capital LLC acquired a new position in shares of ProShares UltraShort Utilities (NYSEARCA:SDP – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,033 shares of the company’s stock, valued at approximately $386,000. OLD Mission Capital LLC owned approximately 9.07% of ProShares UltraShort Utilities as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG acquired a new stake in shares of ProShares UltraShort Utilities in the 1st quarter worth $53,000. Citadel Advisors LLC purchased a new stake in shares of ProShares UltraShort Utilities in the 2nd quarter valued at approximately $252,000. Envestnet Asset Management Inc. acquired a new stake in shares of ProShares UltraShort Utilities during the 2nd quarter worth approximately $377,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Utilities during the 3rd quarter valued at approximately $551,000.
ProShares UltraShort Utilities Trading Up 0.5 %
Shares of ProShares UltraShort Utilities stock opened at $12.13 on Monday. The stock has a 50 day moving average of $11.17 and a 200 day moving average of $11.37. ProShares UltraShort Utilities has a fifty-two week low of $9.57 and a fifty-two week high of $15.40.
ProShares UltraShort Utilities Profile
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.
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