Forefront Analytics LLC Takes Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Forefront Analytics LLC bought a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, Holdings Channel.com reports. The fund bought 4,042 shares of the real estate investment trust’s stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Planning Associates Inc acquired a new stake in ProShares Ultra S&P500 during the 4th quarter worth about $56,000. Johnson Financial Group Inc. boosted its position in shares of ProShares Ultra S&P500 by 92.1% during the 4th quarter. Johnson Financial Group Inc. now owns 680 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 326 shares in the last quarter. Abound Wealth Management grew its stake in ProShares Ultra S&P500 by 46.7% during the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 249 shares during the period. Physician Wealth Advisors Inc. bought a new stake in ProShares Ultra S&P500 in the fourth quarter worth approximately $123,000. Finally, Eastern Bank lifted its stake in ProShares Ultra S&P500 by 117.5% in the fourth quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 1,056 shares during the period.

ProShares Ultra S&P500 Stock Down 0.3 %

Shares of SSO stock opened at $82.09 on Friday. The firm has a 50 day moving average of $79.27 and a 200-day moving average of $89.90. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 24.25 and a beta of 2.02. ProShares Ultra S&P500 has a 52 week low of $60.84 and a 52 week high of $100.29.

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.