Turner Capital Investments LLC acquired a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 569,585 shares of the real estate investment trust’s stock, valued at approximately $39,489,000. ProShares Ultra S&P500 accounts for about 35.0% of Turner Capital Investments LLC’s investment portfolio, making the stock its 2nd largest holding.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSO. Client First Investment Management LLC lifted its stake in ProShares Ultra S&P500 by 361.3% in the second quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock valued at $36,692,000 after buying an additional 426,494 shares during the period. Ridgepath Capital Management LLC grew its position in shares of ProShares Ultra S&P500 by 4.1% during the 1st quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock worth $19,201,000 after buying an additional 14,667 shares during the period. Asset Management Group Inc. grew its position in shares of ProShares Ultra S&P500 by 94.1% during the 4th quarter. Asset Management Group Inc. now owns 287,438 shares of the real estate investment trust’s stock worth $16,648,000 after buying an additional 139,387 shares during the period. Toth Financial Advisory Corp bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $15,896,000. Finally, Arta Finance Wealth Management LLC raised its position in shares of ProShares Ultra S&P500 by 26.6% in the 1st quarter. Arta Finance Wealth Management LLC now owns 185,528 shares of the real estate investment trust’s stock valued at $9,625,000 after acquiring an additional 38,926 shares during the period.
ProShares Ultra S&P500 Stock Up 1.0%
ProShares Ultra S&P500 stock traded up $0.72 during midday trading on Friday, hitting $72.02. 2,901,401 shares of the stock were exchanged, compared to its average volume of 3,903,778. The stock has a market capitalization of $8.94 billion, a PE ratio of 24.25 and a beta of 2.01. The company has a fifty day simple moving average of $70.38 and a two-hundred day simple moving average of $66.08. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $72.80.
ProShares Ultra S&P500 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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