Spire Wealth Management Purchases 22,421 Shares of ProShares Ultra S&P500 $SSO

Spire Wealth Management boosted its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 16.0% during the second quarter, HoldingsChannel reports. The fund owned 162,573 shares of the real estate investment trust’s stock after buying an additional 22,421 shares during the quarter. Spire Wealth Management’s holdings in ProShares Ultra S&P500 were worth $15,887,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Inc. bought a new stake in ProShares Ultra S&P500 in the 2nd quarter valued at about $681,531,000. Wealth Watch Advisors INC bought a new stake in ProShares Ultra S&P500 in the 2nd quarter valued at about $547,000. Ashton Thomas Private Wealth LLC bought a new stake in ProShares Ultra S&P500 in the 2nd quarter valued at about $4,147,000. Atlatl Advisers LLC raised its stake in ProShares Ultra S&P500 by 67.0% in the 2nd quarter. Atlatl Advisers LLC now owns 5,885 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 2,360 shares during the period. Finally, Strategic Blueprint LLC raised its stake in ProShares Ultra S&P500 by 59.3% in the 2nd quarter. Strategic Blueprint LLC now owns 15,781 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 5,875 shares during the period.

ProShares Ultra S&P500 Stock Up 0.1%

Shares of SSO opened at $118.65 on Thursday. The business’s 50-day moving average price is $110.18 and its 200-day moving average price is $98.48. ProShares Ultra S&P500 has a twelve month low of $60.84 and a twelve month high of $119.49. The stock has a market cap of $7.46 billion, a PE ratio of 24.25 and a beta of 2.01.

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.