Brookstone Capital Management Grows Stock Holdings in ProShares Ultra S&P500 $SSO

Brookstone Capital Management boosted its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 35.0% in the second quarter, Holdings Channel reports. The institutional investor owned 140,591 shares of the real estate investment trust’s stock after acquiring an additional 36,475 shares during the quarter. Brookstone Capital Management’s holdings in ProShares Ultra S&P500 were worth $13,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Keystone Global Partners LLC purchased a new position in ProShares Ultra S&P500 in the 1st quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra S&P500 in the 1st quarter valued at approximately $159,000. Crossingbridge Advisors LLC purchased a new position in ProShares Ultra S&P500 in the 1st quarter valued at approximately $166,000. Oliver Lagore Vanvalin Investment Group purchased a new position in ProShares Ultra S&P500 in the 2nd quarter valued at approximately $200,000. Finally, Stephens Inc. AR purchased a new position in ProShares Ultra S&P500 in the 2nd quarter valued at approximately $210,000.

ProShares Ultra S&P500 Trading Down 1.0%

ProShares Ultra S&P500 stock opened at $112.19 on Thursday. The firm has a 50 day simple moving average of $108.95 and a 200 day simple moving average of $96.51. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 24.25 and a beta of 2.03. ProShares Ultra S&P500 has a 1-year low of $60.84 and a 1-year high of $114.61.

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.