Ridgepath Capital Management LLC increased its stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 389,771 shares of the real estate investment trust’s stock after purchasing an additional 20,664 shares during the period. ProShares Ultra S&P500 accounts for approximately 14.8% of Ridgepath Capital Management LLC’s holdings, making the stock its 2nd biggest position. Ridgepath Capital Management LLC’s holdings in ProShares Ultra S&P500 were worth $27,023,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in shares of ProShares Ultra S&P500 during the 2nd quarter worth about $482,000. Three Seasons Wealth LLC acquired a new position in shares of ProShares Ultra S&P500 during the second quarter worth approximately $8,126,000. Toth Financial Advisory Corp bought a new stake in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $15,896,000. Encompass More Asset Management boosted its position in shares of ProShares Ultra S&P500 by 658.2% in the third quarter. Encompass More Asset Management now owns 77,994 shares of the real estate investment trust’s stock valued at $5,407,000 after acquiring an additional 67,707 shares during the period. Finally, Waverly Advisors LLC acquired a new stake in shares of ProShares Ultra S&P500 in the second quarter worth $658,000.
ProShares Ultra S&P500 Stock Performance
Shares of SSO stock opened at $67.67 on Monday. ProShares Ultra S&P500 has a 1 year low of $48.63 and a 1 year high of $72.80. The firm’s fifty day simple moving average is $70.20 and its 200 day simple moving average is $64.47. The firm has a market capitalization of $8.45 billion, a P/E ratio of 24.25 and a beta of 2.01.
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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