Sowell Financial Services LLC acquired a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,435 shares of the real estate investment trust’s stock, valued at approximately $3,081,000.
Several other institutional investors have also added to or reduced their stakes in SSO. World Equity Group Inc. increased its holdings in ProShares Ultra S&P500 by 5.8% during the 1st quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 258 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of ProShares Ultra S&P500 by 10.6% in the 1st quarter. Physician Wealth Advisors Inc. now owns 3,633 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 348 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of ProShares Ultra S&P500 by 10.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 377 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of ProShares Ultra S&P500 by 12.3% in the first quarter. Arkadios Wealth Advisors now owns 4,578 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 500 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of ProShares Ultra S&P500 by 1.2% in the first quarter. Koshinski Asset Management Inc. now owns 45,071 shares of the real estate investment trust’s stock valued at $2,338,000 after purchasing an additional 513 shares in the last quarter.
ProShares Ultra S&P500 Price Performance
Shares of ProShares Ultra S&P500 stock opened at $71.00 on Thursday. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The stock’s 50-day moving average is $70.43 and its 200-day moving average is $67.30. ProShares Ultra S&P500 has a one year low of $48.63 and a one year high of $72.80.
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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