ProShares Ultra S&P500 $SSO Stock: Ridgepath Capital Management LLC Raises Position

Ridgepath Capital Management LLC grew its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,771 shares of the real estate investment trust’s stock after purchasing an additional 20,664 shares during the period. ProShares Ultra S&P500 comprises about 14.8% of Ridgepath Capital Management LLC’s holdings, making the stock its 2nd largest position. Ridgepath Capital Management LLC owned approximately 0.31% of ProShares Ultra S&P500 worth $27,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSO. Root Financial Partners LLC bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at approximately $30,000. Western Wealth Management LLC bought a new position in ProShares Ultra S&P500 during the first quarter valued at approximately $37,000. Bogart Wealth LLC bought a new position in ProShares Ultra S&P500 during the first quarter valued at approximately $55,000. SBI Securities Co. Ltd. lifted its stake in ProShares Ultra S&P500 by 217.0% in the third quarter. SBI Securities Co. Ltd. now owns 932 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 638 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra S&P500 in the second quarter valued at approximately $126,000.

ProShares Ultra S&P500 Price Performance

SSO stock opened at $67.67 on Monday. The firm has a 50 day moving average of $70.20 and a two-hundred day moving average of $64.47. ProShares Ultra S&P500 has a 12 month low of $48.63 and a 12 month high of $72.80. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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.