Genesis Financial Group LLC Takes $3.48 Million Position in ProShares UltraShort S&P500 $SDS

Genesis Financial Group LLC purchased a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 50,800 shares of the real estate investment trust’s stock, valued at approximately $3,479,000. ProShares UltraShort S&P500 accounts for approximately 2.0% of Genesis Financial Group LLC’s holdings, making the stock its 13th largest holding.

A number of other large investors have also added to or reduced their stakes in SDS. JPMorgan Chase & Co. increased its stake in ProShares UltraShort S&P500 by 25.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,368 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 2,281 shares during the period. Chelsea Counsel Co. bought a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at $609,000. XTX Topco Ltd acquired a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter worth $623,000. Clough Capital Partners L P acquired a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter worth $6,886,000. Finally, Southport Management L.L.C. increased its position in shares of ProShares UltraShort S&P500 by 8.3% in the third quarter. Southport Management L.L.C. now owns 65,000 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 5,000 shares during the period.

ProShares UltraShort S&P500 Stock Down 0.1%

SDS stock opened at $74.03 on Friday. The business has a 50-day simple moving average of $70.26 and a 200 day simple moving average of $70.33. ProShares UltraShort S&P500 has a 52 week low of $65.71 and a 52 week high of $141.55.

ProShares UltraShort S&P500 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.4152 dividend. This represents a $1.66 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, March 25th.

ProShares UltraShort S&P500 Profile

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.