ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Up 173.4% in February

ProShares Ultra S&P500 (NYSEARCA:SSO) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,150,534 shares, an increase of 173.4% from the January 29th total of 786,547 shares. Based on an average daily volume of 5,469,534 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.6% of the shares of the stock are sold short. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 5,469,534 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Main Street Group LTD boosted its stake in ProShares Ultra S&P500 by 3.1% during the third quarter. Main Street Group LTD now owns 598,699 shares of the real estate investment trust’s stock worth $67,132,000 after buying an additional 17,929 shares during the period. TFB Advisors LLC bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter worth about $5,834,000. Spire Wealth Management boosted its stake in shares of ProShares Ultra S&P500 by 16.0% during the 2nd quarter. Spire Wealth Management now owns 162,573 shares of the real estate investment trust’s stock worth $15,887,000 after purchasing an additional 22,421 shares during the period. Claro Advisors LLC grew its holdings in ProShares Ultra S&P500 by 17.2% during the 2nd quarter. Claro Advisors LLC now owns 3,047 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 447 shares during the last quarter. Finally, Assetmark Inc. raised its position in ProShares Ultra S&P500 by 110,080.6% in the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock worth $743,991,000 after purchasing an additional 6,629,056 shares during the period.

ProShares Ultra S&P500 Trading Down 1.1%

Shares of ProShares Ultra S&P500 stock traded down $0.65 on Thursday, reaching $58.57. The stock had a trading volume of 3,057,256 shares, compared to its average volume of 4,487,533. The business’s 50 day moving average is $58.76 and its two-hundred day moving average is $56.74. ProShares Ultra S&P500 has a 1 year low of $30.42 and a 1 year high of $60.37. The company has a market cap of $7.71 billion, a P/E ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Company 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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.