ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 84,820 shares of the real estate investment trust’s stock after selling 598 shares during the quarter. Lido Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $7,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Compass Planning Associates Inc bought a new stake in shares of ProShares Ultra S&P500 during the fourth quarter valued at about $56,000. Johnson Financial Group Inc. boosted its position in shares of ProShares Ultra S&P500 by 92.1% in the 4th quarter. Johnson Financial Group Inc. now owns 680 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 326 shares during the period. Abound Wealth Management raised its holdings in shares of ProShares Ultra S&P500 by 46.7% during the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 249 shares during the period. Physician Wealth Advisors Inc. purchased a new stake in shares of ProShares Ultra S&P500 in the fourth quarter valued at $123,000. Finally, Morse Asset Management Inc acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter worth about $145,000.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $79.35 on Wednesday. The firm has a market cap of $4.77 billion, a PE ratio of 21.58 and a beta of 2.02. ProShares Ultra S&P500 has a twelve month low of $60.84 and a twelve month high of $100.29. The firm’s 50 day moving average price is $81.11 and its two-hundred day moving average price is $90.51.

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.