ProShares Ultra S&P500 $SSO Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 106.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,268 shares of the real estate investment trust’s stock after buying an additional 66,634 shares during the period. PNC Financial Services Group Inc.’s holdings in ProShares Ultra S&P500 were worth $7,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SSO. Howard Capital Management Inc. raised its position in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock valued at $797,878,000 after buying an additional 6,887,760 shares during the last quarter. Assetmark Inc. raised its position in shares of ProShares Ultra S&P500 by 110,080.6% in the third quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after buying an additional 6,629,056 shares during the last quarter. Main Street Group LTD raised its position in shares of ProShares Ultra S&P500 by 101.6% in the fourth quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock valued at $69,911,000 after buying an additional 608,334 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at about $41,524,000. Finally, Global View Capital Management LLC raised its position in shares of ProShares Ultra S&P500 by 329.8% in the fourth quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after buying an additional 357,202 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA SSO opened at $67.51 on Monday. The firm has a 50-day simple moving average of $59.08 and a 200-day simple moving average of $58.40. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52 week low of $42.53 and a 52 week 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.