Portfolio Design Labs LLC Boosts Position in ProShares Ultra S&P500 $SSO

Portfolio Design Labs LLC increased its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 129.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,276 shares of the real estate investment trust’s stock after purchasing an additional 132,788 shares during the period. ProShares Ultra S&P500 makes up approximately 2.2% of Portfolio Design Labs LLC’s portfolio, making the stock its 10th biggest holding. Portfolio Design Labs LLC owned approximately 0.18% of ProShares Ultra S&P500 worth $13,627,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SSO. Howard Capital Management Inc. increased its position in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock worth $797,878,000 after purchasing an additional 6,887,760 shares during the last quarter. Assetmark Inc. increased its position in shares of ProShares Ultra S&P500 by 110,080.6% in the third quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock worth $743,991,000 after purchasing an additional 6,629,056 shares during the last quarter. Main Street Group LTD increased its position in shares of ProShares Ultra S&P500 by 101.6% in the fourth quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after purchasing an additional 608,334 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 in the first quarter worth approximately $41,524,000. Finally, Client First Investment Management LLC increased its position in shares of ProShares Ultra S&P500 by 493.5% in the fourth quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock worth $31,280,000 after purchasing an additional 449,066 shares during the last quarter.

ProShares Ultra S&P500 Trading Down 0.6%

SSO stock opened at $65.79 on Wednesday. The company’s 50 day moving average is $62.73 and its 200 day moving average is $59.37. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1-year low of $44.99 and a 1-year high of $70.13.

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.