ProShares UltraShort S&P500 (NYSEARCA:SDS) Stock Price Cross Above Two Hundred Day Moving Average – Should You Sell?

ProShares UltraShort S&P500 (NYSEARCA:SDS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.97 and traded as high as $21.80. ProShares UltraShort S&P500 shares last traded at $21.34, with a volume of 7,232,675 shares.

ProShares UltraShort S&P500 Stock Performance

The company has a 50 day simple moving average of $19.55 and a two-hundred day simple moving average of $19.97.

Institutional Investors Weigh In On ProShares UltraShort S&P500

Institutional investors have recently modified their holdings of the stock. Atria Investments Inc raised its holdings in shares of ProShares UltraShort S&P500 by 24.7% during the third quarter. Atria Investments Inc now owns 16,305 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 3,230 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in shares of ProShares UltraShort S&P500 by 142.1% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 414,453 shares of the real estate investment trust’s stock worth $8,550,000 after purchasing an additional 243,247 shares in the last quarter. Raffles Associates LP raised its stake in shares of ProShares UltraShort S&P500 by 12.2% during the 3rd quarter. Raffles Associates LP now owns 230,000 shares of the real estate investment trust’s stock worth $4,745,000 after purchasing an additional 25,000 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of ProShares UltraShort S&P500 during the 3rd quarter valued at about $656,000. Finally, PVG Asset Management Corp grew its stake in shares of ProShares UltraShort S&P500 by 46.4% in the 3rd quarter. PVG Asset Management Corp now owns 173,587 shares of the real estate investment trust’s stock valued at $3,581,000 after buying an additional 54,984 shares in the last quarter.

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.