HighTower Advisors LLC Acquires 178,274 Shares of ProShares Ultra S&P500 $SSO

HighTower Advisors LLC increased its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 108.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 342,979 shares of the real estate investment trust’s stock after buying an additional 178,274 shares during the quarter. HighTower Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $19,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $47,000. Winnow Wealth LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $69,000. Sunbelt Securities Inc. raised its position in ProShares Ultra S&P500 by 153.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 426 shares in the last quarter. Financial Life Planners bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $82,000. Finally, Tucker Asset Management LLC bought a new stake in ProShares Ultra S&P500 during the 4th quarter valued at $49,000.

ProShares Ultra S&P500 Stock Up 0.7%

Shares of NYSEARCA SSO opened at $67.51 on Friday. The business has a fifty day simple moving average of $59.08 and a two-hundred day simple moving average of $58.40. The firm has a market cap of $7.80 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a twelve month low of $42.53 and a twelve month high of $68.35.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.