Genesee Capital Advisors LLC acquired a new position in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 32,041 shares of the real estate investment trust’s stock, valued at approximately $2,221,000.
Other hedge funds also recently bought and sold shares of the company. Howard Capital Management LLC boosted its position in ProShares Ultra S&P500 by 5.0% during the 3rd quarter. Howard Capital Management LLC now owns 12,781,294 shares of the real estate investment trust’s stock valued at $886,127,000 after acquiring an additional 610,680 shares in the last quarter. Turner Capital Investments LLC bought a new position in shares of ProShares Ultra S&P500 in the 3rd quarter worth $39,489,000. Client First Investment Management LLC raised its position in shares of ProShares Ultra S&P500 by 361.3% in the 2nd quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock worth $36,692,000 after acquiring an additional 426,494 shares in the last quarter. Ridgepath Capital Management LLC lifted its stake in shares of ProShares Ultra S&P500 by 4.1% during the 1st quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock worth $19,201,000 after purchasing an additional 14,667 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of ProShares Ultra S&P500 during the 3rd quarter worth $15,896,000.
ProShares Ultra S&P500 Stock Performance
SSO stock traded up $0.38 during trading on Tuesday, reaching $70.21. 5,508,049 shares of the company traded hands, compared to its average volume of 3,888,030. ProShares Ultra S&P500 has a 12 month low of $48.63 and a 12 month high of $72.80. The business has a 50 day simple moving average of $70.46 and a 200 day simple moving average of $67.04. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.
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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