Portfolio Design Labs LLC raised its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 129.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,276 shares of the real estate investment trust’s stock after acquiring an additional 132,788 shares during the period. ProShares Ultra S&P500 comprises approximately 2.2% of Portfolio Design Labs LLC’s portfolio, making the stock its 10th biggest holding. Portfolio Design Labs LLC’s holdings in ProShares Ultra S&P500 were worth $13,627,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC bought a new position in ProShares Ultra S&P500 during the third quarter valued at approximately $47,000. Evolution Wealth Management Inc. grew its position in ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 315 shares during the last quarter. Sunbelt Securities Inc. grew its position in ProShares Ultra S&P500 by 153.2% during the third quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 426 shares during the last quarter. Financial Life Planners bought a new position in ProShares Ultra S&P500 during the third quarter valued at approximately $82,000. Finally, Tucker Asset Management LLC bought a new position in ProShares Ultra S&P500 during the fourth quarter valued at approximately $49,000.
ProShares Ultra S&P500 Price Performance
Shares of NYSEARCA SSO opened at $65.79 on Wednesday. ProShares Ultra S&P500 has a one year low of $44.99 and a one year high of $70.13. The firm’s 50 day simple moving average is $62.73 and its two-hundred day simple moving average is $59.37. The stock has a market capitalization of $7.60 billion, a P/E ratio of 24.25 and a beta of 2.01.
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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