Valeo Financial Advisors LLC Makes New Investment in ProShares Ultra S&P500 $SSO

Valeo Financial Advisors LLC acquired a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,132 shares of the real estate investment trust’s stock, valued at approximately $1,967,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Berger Financial Group Inc increased its stake in ProShares Ultra S&P500 by 6.3% during the 2nd quarter. Berger Financial Group Inc now owns 11,444 shares of the real estate investment trust’s stock worth $1,118,000 after acquiring an additional 679 shares during the period. Washington Growth Strategies LLC increased its stake in ProShares Ultra S&P500 by 3,012.0% during the 2nd quarter. Washington Growth Strategies LLC now owns 2,583 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 2,500 shares during the period. FSA Wealth Partners Inc. bought a new position in ProShares Ultra S&P500 during the 2nd quarter worth $1,393,000. Eagle Wealth Strategies LLC bought a new position in ProShares Ultra S&P500 during the 2nd quarter worth $224,000. Finally, HB Wealth Management LLC bought a new position in ProShares Ultra S&P500 during the 2nd quarter worth $222,000.

ProShares Ultra S&P500 Price Performance

ProShares Ultra S&P500 stock opened at $113.87 on Tuesday. The stock’s fifty day moving average price is $106.66 and its two-hundred day moving average price is $94.23. ProShares Ultra S&P500 has a one year low of $60.84 and a one year high of $114.26. The firm has a market cap of $7.83 billion, a PE ratio of 24.25 and a beta of 2.03.

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.