Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $70.27 and last traded at $70.1450, with a volume of 1095406 shares traded. The stock had previously closed at $68.94.
ProShares Ultra S&P500 Trading Up 3.8%
The company has a market cap of $8.38 billion, a P/E ratio of 24.25 and a beta of 2.01. The firm’s 50 day moving average price is $67.13 and its 200-day moving average price is $61.75.
Institutional Investors Weigh In On ProShares Ultra S&P500
Several large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at approximately $549,000. NewEdge Advisors LLC increased its position in shares of ProShares Ultra S&P500 by 199.8% during the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 9,590 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 during the first quarter worth $41,524,000. Ausdal Financial Partners Inc. acquired a new position in ProShares Ultra S&P500 in the 2nd quarter worth $908,000. Finally, Bank of America Corp DE boosted its stake in ProShares Ultra S&P500 by 519.0% in the 2nd quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock worth $2,177,000 after purchasing an additional 18,683 shares during the period.
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.
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