Traders purchased shares of ProShares Ultra S&P500 (NYSE:SSO) on weakness during trading hours on Tuesday. $84.74 million flowed into the stock on the tick-up and $59.37 million flowed out of the stock on the tick-down, for a money net flow of $25.37 million into the stock. Of all companies tracked, ProShares Ultra S&P500 had the 32nd highest net in-flow for the day. ProShares Ultra S&P500 traded down ($1.37) for the day and closed at $92.19

The company’s 50-day moving average price is $92.37 and its 200 day moving average price is $88.49.

A number of institutional investors and hedge funds have recently modified their holdings of SSO. Royal Bank of Canada raised its stake in ProShares Ultra S&P500 by 234.5% during the second quarter. Royal Bank of Canada now owns 85,996 shares of the real estate investment trust’s stock valued at $7,692,000 after buying an additional 60,289 shares in the last quarter. Allegis Investment Advisors LLC raised its stake in ProShares Ultra S&P500 by 124.1% during the second quarter. Allegis Investment Advisors LLC now owns 85,953 shares of the real estate investment trust’s stock valued at $7,688,000 after buying an additional 47,594 shares in the last quarter. Cedar Capital LLC raised its stake in ProShares Ultra S&P500 by 169.1% during the second quarter. Cedar Capital LLC now owns 74,671 shares of the real estate investment trust’s stock valued at $6,679,000 after buying an additional 46,921 shares in the last quarter. Sawtooth Solutions LLC acquired a new stake in ProShares Ultra S&P500 during the second quarter valued at approximately $2,227,000. Finally, Institute for Wealth Management LLC. acquired a new stake in ProShares Ultra S&P500 during the second quarter valued at approximately $1,709,000.

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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.

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