ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) saw an uptick in trading volume on Tuesday. Approximately 20,536,859 shares were traded during mid-day trading, an increase of 414% from the average daily volume of 3,992,632 shares. The stock last traded at $67.3520 and had previously closed at $67.02.
ProShares Ultra S&P500 Trading Up 0.5%
The stock has a market capitalization of $8.41 billion, a PE ratio of 24.25 and a beta of 2.01. The firm’s fifty day moving average is $70.14 and its 200-day moving average is $64.50.
Institutional Trading of ProShares Ultra S&P500
A number of large investors have recently modified their holdings of the stock. World Equity Group Inc. increased its position 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 worth $245,000 after purchasing an additional 258 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in ProShares Ultra S&P500 by 10.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 377 shares in the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in ProShares Ultra S&P500 during the third quarter valued at approximately $27,000. MGO One Seven LLC grew its stake in ProShares Ultra S&P500 by 1.8% during the third quarter. MGO One Seven LLC now owns 23,343 shares of the real estate investment trust’s stock worth $1,618,000 after buying an additional 412 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in ProShares Ultra S&P500 during the third quarter worth approximately $30,000.
About ProShares Ultra S&P500
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.
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