Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $70.27 and last traded at $70.1450, with a volume of 1095406 shares traded. The stock had previously closed at $68.94.
ProShares Ultra S&P500 Stock Down 0.4%
The stock has a fifty day moving average price of $67.24 and a two-hundred day moving average price of $61.92. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.
Institutional Trading of ProShares Ultra S&P500
Hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Ultra S&P500 during the first quarter worth approximately $549,000. NewEdge Advisors LLC grew its position in ProShares Ultra S&P500 by 199.8% during the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 9,590 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in ProShares Ultra S&P500 during the 1st quarter worth $41,524,000. Ausdal Financial Partners Inc. acquired a new position in ProShares Ultra S&P500 in the 2nd quarter valued at $908,000. Finally, Bank of America Corp DE raised its holdings in ProShares Ultra S&P500 by 519.0% in the 2nd quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock valued at $2,177,000 after acquiring an additional 18,683 shares in the last quarter.
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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.
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