ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Update

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,755,575 shares, a decrease of 50.7% from the June 15th total of 3,560,187 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,195,753 shares, the days-to-cover ratio is presently 0.5 days.

ProShares Ultra S&P500 Trading Down 2.1%

Shares of NYSEARCA:SSO traded down $1.43 during trading on Friday, reaching $66.52. The company’s stock had a trading volume of 2,790,422 shares, compared to its average volume of 4,296,107. The stock has a market capitalization of $7.90 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 12 month low of $48.63 and a 12 month high of $70.13. The firm’s 50 day simple moving average is $67.22 and its two-hundred day simple moving average is $61.13.

Institutional Investors Weigh In On ProShares Ultra S&P500

Several institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL increased its position in shares of ProShares Ultra S&P500 by 4.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 200 shares during the last quarter. World Equity Group Inc. raised its holdings in ProShares Ultra S&P500 by 5.8% during the 1st quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 258 shares during the period. Harvest Investment Services LLC lifted its position in ProShares Ultra S&P500 by 3.6% in the third quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 271 shares during the last quarter. Bank of America Corp DE lifted its position in ProShares Ultra S&P500 by 1.3% in the third quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock worth $2,532,000 after buying an additional 300 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its position in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 315 shares during the last quarter.

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.