ProShares UltraShort Utilities (NYSEARCA:SDP) fell 0.5% during mid-day trading on Thursday . The stock traded as low as $15.46 and last traded at $15.47, 59 shares changed hands during mid-day trading. A decline of 99% from the average session volume of 5,784 shares. The stock had previously closed at $15.54.
The stock’s 50 day simple moving average is $15.48 and its 200 day simple moving average is $16.27.
An institutional investor recently bought a new position in ProShares UltraShort Utilities stock. Citadel Advisors LLC acquired a new stake in ProShares UltraShort Utilities (NYSEARCA:SDP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,601 shares of the company’s stock, valued at approximately $185,000. Citadel Advisors LLC owned approximately 4.47% of ProShares UltraShort Utilities at the end of the most recent quarter.
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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