Koshinski Asset Management Inc. cut its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,676 shares of the real estate investment trust’s stock after selling 298 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares Ultra S&P500 were worth $2,118,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keystone Global Partners LLC bought a new position in ProShares Ultra S&P500 during the first quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares Ultra S&P500 during the 1st quarter valued at $159,000. Crossingbridge Advisors LLC bought a new position in shares of ProShares Ultra S&P500 during the 1st quarter worth $166,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in ProShares Ultra S&P500 in the 2nd quarter worth about $200,000. Finally, Cadent Capital Advisors LLC bought a new stake in ProShares Ultra S&P500 in the 2nd quarter valued at about $215,000.
ProShares Ultra S&P500 Stock Up 1.1%
Shares of NYSEARCA:SSO opened at $111.07 on Friday. The firm has a market capitalization of $7.27 billion, a PE ratio of 24.25 and a beta of 2.03. The company has a 50-day moving average price of $108.44 and a two-hundred day moving average price of $95.83. ProShares Ultra S&P500 has a twelve month low of $60.84 and a twelve month high of $114.61.
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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