ProShares Ultra S&P500 (NYSEARCA:SSO) Hits New 12-Month High – What’s Next?

ProShares Ultra S&P500 (NYSEARCA:SSO) shares reached a new 52-week high on Thursday . The company traded as high as $72.64 and last traded at $72.7740, with a volume of 376463 shares. The stock had previously closed at $71.54.

ProShares Ultra S&P500 Trading Up 1.2%

The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The company has a fifty day moving average price of $67.43 and a 200-day moving average price of $62.37.

Institutional Investors Weigh In On ProShares Ultra S&P500

Institutional investors and hedge funds have recently modified their holdings of the business. Main Street Group LTD boosted its stake in shares of ProShares Ultra S&P500 by 101.6% during the 4th quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after acquiring an additional 608,334 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of ProShares Ultra S&P500 during the 1st quarter valued at about $41,524,000. Client First Investment Management LLC raised its stake in shares of ProShares Ultra S&P500 by 493.5% in the 4th quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock valued at $31,280,000 after acquiring an additional 449,066 shares in the last quarter. Pinkerton Wealth LLC raised its stake in shares of ProShares Ultra S&P500 by 118.6% in the 4th quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock valued at $39,243,000 after acquiring an additional 367,655 shares in the last quarter. Finally, CWM LLC lifted its holdings in ProShares Ultra S&P500 by 692.2% in the 4th quarter. CWM LLC now owns 396,305 shares of the real estate investment trust’s stock worth $22,954,000 after purchasing an additional 346,281 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.