Ridgepath Capital Management LLC Acquires 2,472 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Ridgepath Capital Management LLC grew its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,299 shares of the real estate investment trust’s stock after purchasing an additional 2,472 shares during the quarter. ProShares Ultra S&P500 makes up approximately 13.4% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Ridgepath Capital Management LLC owned approximately 0.55% of ProShares Ultra S&P500 worth $29,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in ProShares Ultra S&P500 in the 4th quarter worth about $6,711,000. Kingswood Wealth Advisors LLC increased its holdings in shares of ProShares Ultra S&P500 by 563.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 72,247 shares of the real estate investment trust’s stock worth $6,684,000 after purchasing an additional 61,356 shares during the period. Ashton Thomas Private Wealth LLC raised its position in shares of ProShares Ultra S&P500 by 4,542.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock valued at $5,388,000 after buying an additional 58,467 shares in the last quarter. Client First Investment Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 15.9% in the fourth quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after buying an additional 53,310 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in ProShares Ultra S&P500 by 312.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 68,760 shares of the real estate investment trust’s stock worth $6,361,000 after buying an additional 52,082 shares in the last quarter.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $97.98 on Friday. The stock’s fifty day moving average price is $96.16 and its two-hundred day moving average price is $90.46. ProShares Ultra S&P500 has a one year low of $66.68 and a one year high of $100.12.

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.