Revere Asset Management Inc Acquires 219,283 Shares of ProShares Ultra S&P500 $SSO

Revere Asset Management Inc lifted its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 75.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,989 shares of the real estate investment trust’s stock after purchasing an additional 219,283 shares during the period. ProShares Ultra S&P500 comprises 10.4% of Revere Asset Management Inc’s holdings, making the stock its 2nd biggest holding. Revere Asset Management Inc owned about 0.39% of ProShares Ultra S&P500 worth $29,481,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Clearstead Advisors LLC increased its position in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,200 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 2,600 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of ProShares Ultra S&P500 by 124.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,595 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 1,994 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of ProShares Ultra S&P500 by 6.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 153,762 shares of the real estate investment trust’s stock worth $8,906,000 after acquiring an additional 8,646 shares in the last quarter. Pinkerton Wealth LLC increased its position in shares of ProShares Ultra S&P500 by 118.6% in the fourth quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock worth $39,243,000 after acquiring an additional 367,655 shares in the last quarter. Finally, Redmont Wealth Advisors LLC increased its position in shares of ProShares Ultra S&P500 by 99.9% in the fourth quarter. Redmont Wealth Advisors LLC now owns 7,400 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 3,699 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

ProShares Ultra S&P500 stock opened at $67.51 on Tuesday. The firm’s 50 day simple moving average is $59.34 and its 200-day simple moving average is $58.47. The company has a market cap of $7.80 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a fifty-two week low of $42.53 and a fifty-two week high of $68.35.

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.