Koshinski Asset Management Inc. trimmed its stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,676 shares of the real estate investment trust’s stock after selling 298 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ProShares Ultra S&P500 were worth $2,118,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in ProShares Ultra S&P500 in the 1st quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra S&P500 in the 1st quarter worth about $159,000. Crossingbridge Advisors LLC bought a new position in ProShares Ultra S&P500 in the 1st quarter valued at about $166,000. Oliver Lagore Vanvalin Investment Group acquired a new position in ProShares Ultra S&P500 during the 2nd quarter valued at about $200,000. Finally, Cadent Capital Advisors LLC acquired a new position in ProShares Ultra S&P500 during the 2nd quarter valued at about $215,000.
ProShares Ultra S&P500 Trading Up 1.1%
NYSEARCA SSO opened at $111.07 on Friday. The business has a fifty day simple moving average of $108.44 and a 200 day simple moving average of $95.83. ProShares Ultra S&P500 has a 12 month low of $60.84 and a 12 month high of $114.61. The firm has a market capitalization of $7.27 billion, a P/E ratio of 24.25 and a beta of 2.03.
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.
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