32,041 Shares in ProShares Ultra S&P500 $SSO Purchased by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC purchased a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,041 shares of the real estate investment trust’s stock, valued at approximately $2,221,000.

A number of other hedge funds have also recently modified their holdings of the business. Corient Private Wealth LLC raised its stake in ProShares Ultra S&P500 by 220.3% during the 4th quarter. Corient Private Wealth LLC now owns 16,941 shares of the real estate investment trust’s stock valued at $981,000 after purchasing an additional 11,652 shares during the period. Tucker Asset Management LLC purchased a new stake in ProShares Ultra S&P500 during the second quarter valued at $482,000. Ridgepath Capital Management LLC lifted its position in ProShares Ultra S&P500 by 4.1% during the first quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock valued at $19,201,000 after purchasing an additional 14,667 shares during the last quarter. Three Seasons Wealth LLC bought a new position in ProShares Ultra S&P500 during the second quarter valued at $8,126,000. Finally, Waverly Advisors LLC bought a new position in ProShares Ultra S&P500 during the second quarter valued at $658,000.

ProShares Ultra S&P500 Stock Up 0.5%

NYSEARCA SSO traded up $0.38 during trading hours on Tuesday, hitting $70.21. 5,508,049 shares of the company were exchanged, compared to its average volume of 3,888,030. The stock has a market cap of $8.99 billion, a PE ratio of 24.25 and a beta of 2.01. The stock has a 50-day moving average price of $70.46 and a 200 day moving average price of $67.04. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $72.80.

ProShares Ultra S&P500 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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.