Bernard Wealth Management Corp. trimmed its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,506 shares of the real estate investment trust’s stock after selling 250 shares during the quarter. Bernard Wealth Management Corp.’s holdings in ProShares Ultra S&P500 were worth $538,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in ProShares Ultra S&P500 during the first quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra S&P500 during the first quarter worth about $159,000. Crossingbridge Advisors LLC purchased a new position in ProShares Ultra S&P500 during the first quarter worth about $166,000. Oliver Lagore Vanvalin Investment Group purchased a new position in ProShares Ultra S&P500 during the second quarter worth about $200,000. Finally, Cadent Capital Advisors LLC purchased a new position in ProShares Ultra S&P500 during the second quarter worth about $215,000.
ProShares Ultra S&P500 Stock Down 5.4%
ProShares Ultra S&P500 stock opened at $107.49 on Friday. ProShares Ultra S&P500 has a 52 week low of $60.84 and a 52 week high of $114.61. The business has a 50-day simple moving average of $107.53 and a 200 day simple moving average of $94.82. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 24.25 and a beta of 2.03.
ProShares Ultra S&P500 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.
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