NewEdge Wealth LLC increased its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 85.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,705 shares of the real estate investment trust’s stock after purchasing an additional 20,652 shares during the period. NewEdge Wealth LLC’s holdings in ProShares Ultra S&P500 were worth $2,589,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. First Heartland Consultants Inc. lifted its stake in ProShares Ultra S&P500 by 7.8% in the third quarter. First Heartland Consultants Inc. now owns 2,248 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 163 shares during the period. Tudor Investment Corp ET AL raised its position in ProShares Ultra S&P500 by 4.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 200 shares during the last quarter. Harvest Investment Services LLC increased its stake in ProShares Ultra S&P500 by 3.6% in the 3rd quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 271 shares during the last quarter. Bank of America Corp DE increased its stake in ProShares Ultra S&P500 by 1.3% in the 3rd quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock valued at $2,532,000 after buying an additional 300 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in ProShares Ultra S&P500 in the 3rd quarter valued at about $37,000.
Key Headlines Impacting ProShares Ultra S&P500
Here are the key news stories impacting ProShares Ultra S&P500 this week:
- Positive Sentiment: The S&P 500 continues to trade at record highs, lifting leveraged index products like SSO as investors stay in a risk-on mode. S&P 500 Settles Above 7,400: Investor Sentiment Improves Slightly, Fear Index Remains In ‘Greed’ Zone
- Positive Sentiment: HSBC raised its year-end S&P 500 outlook, citing resilient corporate earnings and continued strength in AI-related technology stocks, which is supportive for SSO. Banking giant updates S&P 500 target for end of 2026
- Positive Sentiment: SSO reached a new 12-month high, signaling strong technical momentum and continued buying interest. ProShares Ultra S&P500 (NYSEARCA:SSO) Reaches New 12-Month High – Time to Buy?
- Positive Sentiment: Short interest in SSO fell sharply in April, suggesting less bearish positioning and potentially less pressure on the ETF.
- Neutral Sentiment: Some market commentary is warning that the S&P 500 may now be a portfolio risk after its strong run, which could temper enthusiasm but does not yet show a clear reversal. Is the S&P 500 Now Your Portfolio’s Biggest Risk?
- Neutral Sentiment: Geopolitical tensions and oil-price volatility have created a more cautious backdrop for equities, although the market has so far held up well. S&P 500 set for muted open as Trump brands Iran offer ‘totally unacceptable’
ProShares Ultra S&P500 Stock Performance
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra S&P500
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report).
Receive News & Ratings for ProShares Ultra S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.
