ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $68.38 and last traded at $68.27, with a volume of 407884 shares changing hands. The stock had previously closed at $67.51.
ProShares Ultra S&P500 Price Performance
The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The stock has a fifty day moving average of $59.34 and a two-hundred day moving average of $58.47.
Institutional Trading of ProShares Ultra S&P500
Institutional investors and hedge funds have recently bought and sold shares of the stock. Evolution Wealth Management Inc. increased its holdings in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 315 shares during the period. Western Wealth Management LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $37,000. Park Square Financial Group LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $47,000. Tucker Asset Management LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 4th quarter valued at about $49,000. Finally, Corsicana & Co. grew its stake in shares of ProShares Ultra S&P500 by 100.0% in the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 460 shares during the period.
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.
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