Redmont Wealth Advisors LLC Makes New $240,000 Investment in ProShares Ultra S&P500 (NYSEARCA:SSO)

Redmont Wealth Advisors LLC purchased a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,690 shares of the real estate investment trust’s stock, valued at approximately $240,000.

Several other hedge funds also recently bought and sold shares of SSO. Bank of America Corp DE grew its position in shares of ProShares Ultra S&P500 by 158.7% in the first quarter. Bank of America Corp DE now owns 388 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 238 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in shares of ProShares Ultra S&P500 in the fourth quarter valued at $26,000. Stonebridge Capital Advisors LLC grew its position in shares of ProShares Ultra S&P500 by 100.0% in the first quarter. Stonebridge Capital Advisors LLC now owns 500 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 250 shares during the period. PNC Financial Services Group Inc. grew its position in shares of ProShares Ultra S&P500 by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 846 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 423 shares during the period. Finally, Citigroup Inc. grew its position in shares of ProShares Ultra S&P500 by 748.0% in the first quarter. Citigroup Inc. now owns 848 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 748 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO traded down $1.26 during midday trading on Friday, reaching $69.07. The company’s stock had a trading volume of 3,639,652 shares, compared to its average volume of 3,721,446. ProShares Ultra S&P500 has a 1 year low of $48.47 and a 1 year high of $77.96. The business has a 50 day moving average price of $74.09 and a 200 day moving average price of $65.15.

About ProShares Ultra S&P500

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.