Main Street Group LTD Increases Stake in ProShares Ultra S&P500 (NYSEARCA:SSO)

Main Street Group LTD raised its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 539,510 shares of the real estate investment trust’s stock after buying an additional 22,830 shares during the quarter. ProShares Ultra S&P500 comprises approximately 18.5% of Main Street Group LTD’s investment portfolio, making the stock its 2nd biggest holding. Main Street Group LTD owned 0.93% of ProShares Ultra S&P500 worth $49,910,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SSO. JPMorgan Chase & Co. lifted its stake in ProShares Ultra S&P500 by 21.4% in the third quarter. JPMorgan Chase & Co. now owns 36,272 shares of the real estate investment trust’s stock valued at $3,271,000 after buying an additional 6,406 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in ProShares Ultra S&P500 by 9.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,538 shares of the real estate investment trust’s stock valued at $860,000 after buying an additional 800 shares in the last quarter. Eastern Bank lifted its stake in ProShares Ultra S&P500 by 117.5% in the fourth quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 1,056 shares in the last quarter. Dale Q Rice Investment Management Ltd bought a new position in ProShares Ultra S&P500 in the fourth quarter valued at approximately $433,000. Finally, Client First Investment Management LLC lifted its stake in ProShares Ultra S&P500 by 15.9% in the fourth quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after buying an additional 53,310 shares in the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of SSO opened at $88.66 on Wednesday. The firm’s 50 day moving average price is $79.24 and its two-hundred day moving average price is $89.84. The firm has a market cap of $5.35 billion, a P/E ratio of 24.25 and a beta of 2.02. ProShares Ultra S&P500 has a twelve month low of $60.84 and a twelve month high of $100.29.

ProShares Ultra S&P500 Company Profile

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.