IFP Advisors Inc Boosts Position in ProShares Ultra S&P500 (SSO)
IFP Advisors Inc raised its stake in shares of ProShares Ultra S&P500 (NYSE:SSO) by 64.4% during the second quarter, Holdings Channel reports. The fund owned 7,597 shares of the real estate investment trust’s stock after buying an additional 2,976 shares during the period. IFP Advisors Inc’s holdings in ProShares Ultra S&P500 were worth $680,000 at the end of the most recent quarter.
Separately, Stratos Wealth Partners LTD. increased its stake in ProShares Ultra S&P500 by 1.0% in the second quarter. Stratos Wealth Partners LTD. now owns 7,257 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 74 shares during the last quarter.
Shares of ProShares Ultra S&P500 (SSO) opened at 90.67 on Friday. ProShares Ultra S&P500 has a 52-week low of $65.72 and a 52-week high of $94.54. The company has a 50-day moving average of $91.69 and a 200 day moving average of $86.94.
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About ProShares Ultra S&P500
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.
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