33,810 Shares in ProShares Ultra S&P500 $SSO Acquired by TFB Advisors LLC

TFB Advisors LLC purchased a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 33,810 shares of the real estate investment trust’s stock, valued at approximately $2,344,000. ProShares Ultra S&P500 makes up 0.9% of TFB Advisors LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. World Equity Group Inc. lifted its stake in shares of 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 acquiring an additional 258 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in ProShares Ultra S&P500 by 10.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 377 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $27,000. MGO One Seven LLC grew its position in ProShares Ultra S&P500 by 1.8% in the 3rd quarter. MGO One Seven LLC now owns 23,343 shares of the real estate investment trust’s stock valued at $1,618,000 after acquiring an additional 412 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in ProShares Ultra S&P500 in the third quarter worth $30,000.

ProShares Ultra S&P500 Stock Down 8.8%

SSO stock opened at $63.51 on Friday. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $72.80. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The business’s fifty day simple moving average is $69.95 and its two-hundred day simple moving average is $64.61.

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.