Main Street Group LTD reduced its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,163,035 shares of the real estate investment trust’s stock after selling 43,998 shares during the quarter. ProShares Ultra S&P500 comprises approximately 17.7% of Main Street Group LTD’s portfolio, making the stock its 2nd largest holding. Main Street Group LTD owned about 1.01% of ProShares Ultra S&P500 worth $60,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of SSO. Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares Ultra S&P500 during the first quarter worth about $549,000. NewEdge Advisors LLC boosted its position in shares of ProShares Ultra S&P500 by 199.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 9,590 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $41,524,000. Ausdal Financial Partners Inc. acquired a new stake in shares of ProShares Ultra S&P500 in the 2nd quarter valued at about $908,000. Finally, Bank of America Corp DE grew its stake in ProShares Ultra S&P500 by 519.0% during the 2nd quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock worth $2,177,000 after buying an additional 18,683 shares during the last quarter.
ProShares Ultra S&P500 Stock Down 1.0%
SSO opened at $67.95 on Friday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $70.13. The business’s 50 day moving average is $67.22 and its two-hundred day moving average is $61.13.
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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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