JPMorgan Chase & Co. increased its holdings in ProShares UltraShort S&P500 (NYSEARCA:SDS) by 11.3% in Q3, owning 8,085 shares valued at $167,000. Other hedge funds also raised their stakes, with Tidal Investments boosting theirs by 60.9%, PVG Asset Management by 46.4%, and Bedell Frazier Investment Counselling by 142.1%. As of Friday, SDS traded at $18.77, with a 50-day moving average of $19.12. The fund aims for daily results that correspond to twice the inverse performance of the S&P 500, indicating a strategy focused on large-cap U.S. stocks and real estate investment trusts.