ProShares Ultra S&P500 (NYSEARCA:SSO) Stock Price Cross Above Two Hundred Day Moving Average – What’s Next?

ProShares Ultra S&P500 (NYSEARCA:SSO)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $102.26 and traded as high as $113.58. ProShares Ultra S&P500 shares last traded at $110.87, with a volume of 7,115,759 shares traded.

ProShares Ultra S&P500 Stock Performance

The company has a fifty day simple moving average of $112.66 and a 200 day simple moving average of $102.26. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 shares are scheduled to split on the morning of Thursday, November 20th. The 2-1 split was announced on Tuesday, November 4th. The newly created shares will be payable to shareholders after the market closes on Wednesday, November 19th.

Institutional Trading of ProShares Ultra S&P500

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSO. Beacon Capital Management Inc. bought a new position in ProShares Ultra S&P500 during the 2nd quarter worth approximately $27,000. Evolution Wealth Management Inc. acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth $31,000. Global Retirement Partners LLC bought a new position in ProShares Ultra S&P500 during the third quarter worth $37,000. Keystone Global Partners LLC acquired a new position in ProShares Ultra S&P500 in the first quarter valued at $28,000. Finally, Park Square Financial Group LLC bought a new stake in ProShares Ultra S&P500 during the third quarter valued at $47,000.

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.