ProShares Ultra S&P500 (NYSEARCA:SSO) Reaches New 12-Month Low at $71.90

ProShares Ultra S&P500 (NYSEARCA:SSO) shares hit a new 52-week low during trading on Thursday . The company traded as low as $71.90 and last traded at $72.28, with a volume of 48892 shares changing hands. The stock had previously closed at $71.94.

The stock’s 50-day simple moving average is $70.73 and its 200 day simple moving average is $66.18.

Institutional investors and hedge funds have recently modified their holdings of the business. Evermay Wealth Management LLC bought a new stake in ProShares Ultra S&P500 during the second quarter valued at $48,000. PNC Financial Services Group Inc. raised its holdings in shares of ProShares Ultra S&P500 by 20.8% during the second quarter. PNC Financial Services Group Inc. now owns 511 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 88 shares during the period. Advisory Services Network LLC acquired a new position in shares of ProShares Ultra S&P500 during the second quarter valued at about $89,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of ProShares Ultra S&P500 during the third quarter valued at about $111,000. Finally, Professional Financial Advisors LLC raised its holdings in shares of ProShares Ultra S&P500 by 250.9% during the third quarter. Professional Financial Advisors LLC now owns 951 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 680 shares during the period.

ProShares Ultra S&P500 Company Profile (NYSEARCA:SSO)

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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