ProShares Ultra S&P500 (NYSEARCA:SSO) Hits New 1-Year High – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO) shares reached a new 52-week high on Friday . The company traded as high as $62.25 and last traded at $62.1980, with a volume of 1498792 shares trading hands. The stock had previously closed at $61.31.

ProShares Ultra S&P500 Stock Up 1.3%

The company has a 50-day moving average price of $56.16 and a 200-day moving average price of $57.27. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 24.25 and a beta of 2.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SSO. Howard Capital Management Inc. grew its stake in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock worth $797,878,000 after purchasing an additional 6,887,760 shares in the last quarter. Assetmark Inc. raised its stake in shares of ProShares Ultra S&P500 by 110,080.6% during the third quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after purchasing an additional 6,629,056 shares in the last quarter. Main Street Group LTD lifted its holdings in ProShares Ultra S&P500 by 101.6% in the fourth quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after purchasing an additional 608,334 shares during the period. Goldman Sachs Group Inc. acquired a new stake in ProShares Ultra S&P500 in the first quarter worth about $41,524,000. Finally, Client First Investment Management LLC grew its position in ProShares Ultra S&P500 by 493.5% in the 4th quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock valued at $31,280,000 after buying an additional 449,066 shares in 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.