Milestone Asset Management LLC Decreases Position in ProShares Ultra S&P500 $SSO

Milestone Asset Management LLC lessened its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 83.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,265 shares of the real estate investment trust’s stock after selling 27,158 shares during the period. Milestone Asset Management LLC’s holdings in ProShares Ultra S&P500 were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSO. Howard Capital Management Inc. lifted its holdings in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock valued at $797,878,000 after purchasing an additional 6,887,760 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of ProShares Ultra S&P500 by 110,080.6% during the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after purchasing an additional 6,629,056 shares during the last quarter. Main Street Group LTD lifted its holdings in shares of ProShares Ultra S&P500 by 101.6% during the 4th quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock valued at $69,911,000 after purchasing an additional 608,334 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of ProShares Ultra S&P500 during the 1st quarter valued at $41,524,000. Finally, Global View Capital Management LLC lifted its holdings in shares of ProShares Ultra S&P500 by 329.8% during the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after purchasing an additional 357,202 shares during the last quarter.

ProShares Ultra S&P500 Trading Down 0.8%

Shares of SSO opened at $61.31 on Friday. ProShares Ultra S&P500 has a 12 month low of $37.08 and a 12 month high of $62.02. The stock has a fifty day moving average price of $56.16 and a 200-day moving average price of $57.27. The firm has a market cap of $7.21 billion, a PE ratio of 24.25 and a beta of 2.00.

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.