ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Up 240.2% in June

ProShares Ultra S&P500 (NYSEARCA:SSO) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,560,187 shares, an increase of 240.2% from the May 31st total of 1,046,501 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 4,719,298 shares, the days-to-cover ratio is presently 0.8 days.

ProShares Ultra S&P500 Stock Performance

Shares of NYSEARCA:SSO opened at $64.42 on Friday. The stock has a 50-day simple moving average of $65.73 and a 200-day simple moving average of $60.19. The stock has a market capitalization of $7.44 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1 year low of $47.76 and a 1 year high of $70.13.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of institutional investors have recently modified their holdings of SSO. Tudor Investment Corp ET AL raised 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 acquiring an additional 200 shares in the last quarter. World Equity Group Inc. increased its stake in ProShares Ultra S&P500 by 5.8% during the first quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 258 shares during the last quarter. Harvest Investment Services LLC increased its stake in ProShares Ultra S&P500 by 3.6% during the third quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 271 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of ProShares Ultra S&P500 by 1.3% during 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 purchasing an additional 300 shares during the period. Finally, Evolution Wealth Management Inc. lifted its position in shares of ProShares Ultra S&P500 by 100.0% in the 4th 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.

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.