OLD Mission Capital LLC grew its stake in ProShares UltraShort Basic Materials (NYSEARCA:SMN – Get Rating) by 42.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,314 shares of the company's stock after buying an additional 6,933 shares during the quarter. OLD Mission Capital LLC owned 4.32% of ProShares UltraShort Basic Materials worth $329,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in SMN. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Basic Materials during the 1st quarter worth about $231,000. GenTrust LLC acquired a new stake in shares of ProShares UltraShort Basic Materials during the 2nd quarter worth about $164,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of ProShares UltraShort Basic Materials during the 2nd quarter worth about $443,000.
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Shares of NYSEARCA SMN opened at $11.53 on Thursday. ProShares UltraShort Basic Materials has a fifty-two week low of $9.31 and a fifty-two week high of $15.91. The stock's 50-day simple moving average is $13.36 and its 200-day simple moving average is $12.65.
About ProShares UltraShort Basic Materials
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ProShares UltraShort Basic Materials (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.
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