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

ProShares Ultra S&P500 (NYSEARCA:SSO) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 786,547 shares, a drop of 59.4% from the January 15th total of 1,936,704 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 4,177,205 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 4,177,205 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of ProShares Ultra S&P500

Hedge funds have recently modified their holdings of the company. Beacon Capital Management Inc. bought a new stake in shares of ProShares Ultra S&P500 in the 2nd quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new stake in ProShares Ultra S&P500 during the second quarter valued at approximately $31,000. Global Retirement Partners LLC acquired a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $37,000. Park Square Financial Group LLC acquired a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $47,000. Finally, Corsicana & Co. purchased a new position in ProShares Ultra S&P500 in the third quarter worth $52,000.

ProShares Ultra S&P500 Trading Down 3.1%

Shares of SSO traded down $1.83 during trading hours on Thursday, hitting $57.36. The company had a trading volume of 5,131,948 shares, compared to its average volume of 4,489,142. The company has a market capitalization of $7.55 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a one year low of $30.42 and a one year high of $60.37. The company’s fifty day moving average price is $58.76 and its two-hundred day moving average price is $56.25.

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.