Ameritas Advisory Services LLC Takes $1.11 Million Position in ProShares Ultra S&P500 $SSO

Ameritas Advisory Services LLC bought a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, Holdings Channel reports. The fund bought 19,074 shares of the real estate investment trust’s stock, valued at approximately $1,105,000.

A number of other hedge funds also recently modified their holdings of the stock. World Investment Advisors raised its holdings in shares of ProShares Ultra S&P500 by 169.7% in the 4th quarter. World Investment Advisors now owns 10,237 shares of the real estate investment trust’s stock worth $593,000 after purchasing an additional 6,442 shares during the period. Rollins Financial Advisors LLC increased its position in ProShares Ultra S&P500 by 111.6% in the fourth quarter. Rollins Financial Advisors LLC now owns 29,822 shares of the real estate investment trust’s stock worth $1,727,000 after buying an additional 15,728 shares during the last quarter. Meridian Wealth Management LLC increased its position in ProShares Ultra S&P500 by 96.8% in the fourth quarter. Meridian Wealth Management LLC now owns 33,824 shares of the real estate investment trust’s stock worth $1,959,000 after buying an additional 16,637 shares during the last quarter. Money Concepts Capital Corp increased its position in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Money Concepts Capital Corp now owns 4,288 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 2,144 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 40,036 shares of the real estate investment trust’s stock worth $2,319,000 after buying an additional 20,018 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

NYSEARCA:SSO opened at $68.10 on Friday. The business has a fifty day simple moving average of $57.89 and a two-hundred day simple moving average of $58.07. ProShares Ultra S&P500 has a 1 year low of $42.53 and a 1 year high of $68.35. The company has a market capitalization of $7.87 billion, a P/E ratio of 24.25 and a beta of 2.01.

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.