ProShares Ultra S&P500 $SSO Stock Position Raised by SP Asset Management LLC

SP Asset Management LLC grew its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 69.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,533 shares of the real estate investment trust’s stock after acquiring an additional 21,205 shares during the period. SP Asset Management LLC’s holdings in ProShares Ultra S&P500 were worth $2,985,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SSO. Global Retirement Partners LLC acquired a new position in ProShares Ultra S&P500 in the third quarter worth approximately $37,000. Park Square Financial Group LLC bought a new position in ProShares Ultra S&P500 during the third quarter valued at approximately $47,000. Winnow Wealth LLC acquired a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $69,000. Sunbelt Securities Inc. lifted its stake in ProShares Ultra S&P500 by 153.2% in the third quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 426 shares during the last quarter. Finally, Financial Life Planners bought a new stake in ProShares Ultra S&P500 in the third quarter worth approximately $82,000.

ProShares Ultra S&P500 Stock Down 0.8%

Shares of SSO opened at $61.31 on Friday. The company’s fifty day moving average is $56.16 and its 200-day moving average is $57.27. ProShares Ultra S&P500 has a 12 month low of $37.08 and a 12 month high of $62.02. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 24.25 and a beta of 2.00.

ProShares Ultra S&P500 Company 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.