ProShares Ultra S&P500 (NYSEARCA:SSO) Stock Price Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.27 and traded as high as $69.49. ProShares Ultra S&P500 shares last traded at $68.99, with a volume of 2,656,458 shares changing hands.

ProShares Ultra S&P500 Stock Down 0.9%

The business has a fifty day moving average of $69.18 and a 200 day moving average of $64.33. The firm has a market cap of $8.15 billion, a P/E ratio of 24.25 and a beta of 2.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pinkerton Wealth LLC lifted its holdings in ProShares Ultra S&P500 by 118.6% during the 4th quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock valued at $39,243,000 after purchasing an additional 367,655 shares during the last quarter. Client First Investment Management LLC raised its position in shares of ProShares Ultra S&P500 by 361.3% in the second quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock valued at $36,692,000 after purchasing an additional 426,494 shares during the period. Revere Asset Management Inc raised its position in shares of ProShares Ultra S&P500 by 75.7% in the fourth quarter. Revere Asset Management Inc now owns 508,989 shares of the real estate investment trust’s stock valued at $29,481,000 after purchasing an additional 219,283 shares during the period. Ridgepath Capital Management LLC lifted its stake in shares of ProShares Ultra S&P500 by 4.1% during the 1st quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock worth $19,201,000 after buying an additional 14,667 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of ProShares Ultra S&P500 by 108.2% during the 4th quarter. HighTower Advisors LLC now owns 342,979 shares of the real estate investment trust’s stock worth $19,865,000 after buying an additional 178,274 shares during the last quarter.

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.