Turner Capital Investments LLC Purchases 569,585 Shares of ProShares Ultra S&P500 $SSO

Turner Capital Investments LLC purchased a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 569,585 shares of the real estate investment trust’s stock, valued at approximately $39,489,000. ProShares Ultra S&P500 comprises 35.0% of Turner Capital Investments LLC’s portfolio, making the stock its 2nd largest holding. Turner Capital Investments LLC owned 0.46% of ProShares Ultra S&P500 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in ProShares Ultra S&P500 during the 1st quarter worth about $37,000. Bogart Wealth LLC bought a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $55,000. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at about $126,000. Anchor Investment Management LLC grew its position in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 2,000 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,000 shares during the period. Finally, Financial Life Planners acquired a new stake in shares of ProShares Ultra S&P500 during the 1st quarter worth approximately $144,000.

ProShares Ultra S&P500 Trading Up 1.0%

Shares of SSO traded up $0.72 on Friday, reaching $72.02. 2,901,401 shares of the company’s stock were exchanged, compared to its average volume of 3,903,778. The business has a 50 day moving average price of $70.38 and a two-hundred day moving average price of $66.08. ProShares Ultra S&P500 has a 12 month low of $48.63 and a 12 month high of $72.80. The stock has a market capitalization of $8.94 billion, a P/E 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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.