Investors Sell Shares of ProShares Ultra S&P500 (SSO) on Strength (SSO)

Investors sold shares of ProShares Ultra S&P500 (NYSE:SSO) on strength during trading on Tuesday. $35.21 million flowed into the stock on the tick-up and $68.30 million flowed out of the stock on the tick-down, for a money net flow of $33.09 million out of the stock. Of all companies tracked, ProShares Ultra S&P500 had the 25th highest net out-flow for the day. ProShares Ultra S&P500 traded up $0.68 for the day and closed at $95.09

The company’s 50-day moving average price is $92.37 and its 200-day moving average price is $88.67.

Several hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its holdings in shares of ProShares Ultra S&P500 by 1.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,257 shares of the real estate investment trust’s stock worth $649,000 after acquiring an additional 74 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of ProShares Ultra S&P500 by 156.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,485 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 907 shares during the period. HighTower Advisors LLC increased its holdings in shares of ProShares Ultra S&P500 by 1.2% in the 2nd quarter. HighTower Advisors LLC now owns 91,843 shares of the real estate investment trust’s stock worth $8,215,000 after acquiring an additional 1,053 shares during the period. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of ProShares Ultra S&P500 in the 2nd quarter worth about $152,000. Finally, IFP Advisors Inc increased its holdings in shares of ProShares Ultra S&P500 by 64.4% in the 2nd quarter. IFP Advisors Inc now owns 7,597 shares of the real estate investment trust’s stock worth $680,000 after acquiring an additional 2,976 shares during the period.

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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.

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