Capital Investment Counsel Inc Sells 1,399 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Capital Investment Counsel Inc cut its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,702 shares of the real estate investment trust’s stock after selling 1,399 shares during the quarter. ProShares Ultra S&P500 accounts for about 0.9% of Capital Investment Counsel Inc’s portfolio, making the stock its 20th biggest holding. Capital Investment Counsel Inc owned about 0.11% of ProShares Ultra S&P500 worth $5,316,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in ProShares Ultra S&P500 in the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in ProShares Ultra S&P500 in the 4th quarter valued at about $65,000. Headlands Technologies LLC purchased a new position in ProShares Ultra S&P500 in the fourth quarter valued at about $128,000. Institute for Wealth Management LLC. bought a new position in ProShares Ultra S&P500 during the fourth quarter worth about $201,000. Finally, Modera Wealth Management LLC purchased a new position in ProShares Ultra S&P500 during the 3rd quarter valued at about $184,000.

ProShares Ultra S&P500 Trading Up 0.7 %

Shares of SSO traded up $0.51 during trading hours on Monday, reaching $73.22. 514,322 shares of the company traded hands, compared to its average volume of 3,767,579. The company’s fifty day moving average price is $74.11 and its two-hundred day moving average price is $66.06. ProShares Ultra S&P500 has a 12 month low of $48.47 and a 12 month high of $77.96.

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.