ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Down 34.9% in April

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,846,516 shares, a decline of 34.9% from the April 15th total of 2,838,549 shares. Based on an average daily volume of 4,223,841 shares, the short-interest ratio is currently 0.4 days. Approximately 1.6% of the company’s stock are short sold.

ProShares Ultra S&P500 Trading Down 0.7%

Shares of ProShares Ultra S&P500 stock traded down $0.45 during mid-day trading on Monday, reaching $65.98. 1,042,972 shares of the stock were exchanged, compared to its average volume of 4,618,785. ProShares Ultra S&P500 has a fifty-two week low of $42.53 and a fifty-two week high of $68.35. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The firm has a 50-day simple moving average of $58.06 and a 200 day simple moving average of $58.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Evolution Wealth Management Inc. increased its holdings in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 315 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter worth $47,000. Tucker Asset Management LLC purchased a new position in shares of ProShares Ultra S&P500 in the fourth quarter worth $49,000. Corsicana & Co. lifted its holdings in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 460 shares during the period. Finally, Bogart Wealth LLC purchased a new position in ProShares Ultra S&P500 in the 1st quarter valued at about $55,000.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.