ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Strong Trading Volume

ProShares Ultra S&P500 (NYSEARCA:SSO) saw strong trading volume on Tuesday . 8,252,695 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 3,670,936 shares.The stock last traded at $71.62 and had previously closed at $71.81.

ProShares Ultra S&P500 Price Performance

The stock has a 50-day simple moving average of $74.07 and a 200-day simple moving average of $64.95.

Hedge Funds Weigh In On ProShares Ultra S&P500

A number of hedge funds and other institutional investors have recently modified their holdings of SSO. JPMorgan Chase & Co. raised its position in shares of ProShares Ultra S&P500 by 293.3% in the 1st quarter. JPMorgan Chase & Co. now owns 14,798 shares of the real estate investment trust’s stock worth $971,000 after acquiring an additional 11,035 shares in the last quarter. Raymond James & Associates boosted its stake in ProShares Ultra S&P500 by 100.0% during the 1st quarter. Raymond James & Associates now owns 4,000 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 2,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ProShares Ultra S&P500 by 91.2% in the 1st quarter. Bank of New York Mellon Corp now owns 52,177 shares of the real estate investment trust’s stock worth $3,424,000 after buying an additional 24,889 shares during the last quarter. US Bancorp DE boosted its stake in shares of ProShares Ultra S&P500 by 47.4% in the 1st quarter. US Bancorp DE now owns 3,350 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,077 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of ProShares Ultra S&P500 by 748.0% in the 1st quarter. Citigroup Inc. now owns 848 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 748 shares during the last quarter.

ProShares Ultra S&P500 Company Profile

ProShares Ultra S&P500 (the Fund), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap 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 (REITs) selected by the S&P U.S.