Short Interest in ProShares Ultra S&P500 (NYSEARCA:SSO) Increases By 41.2%

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 2,838,549 shares, an increase of 41.2% from the March 31st total of 2,011,014 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 5,011,214 shares, the short-interest ratio is presently 0.6 days.

ProShares Ultra S&P500 Stock Performance

Shares of NYSEARCA SSO traded down $0.73 during mid-day trading on Tuesday, hitting $61.70. The stock had a trading volume of 1,510,812 shares, compared to its average volume of 4,800,458. ProShares Ultra S&P500 has a twelve month low of $37.85 and a twelve month high of $62.49. The company has a 50 day moving average of $56.35 and a two-hundred day moving average of $57.35. The firm has a market cap of $7.21 billion, a PE ratio of 24.25 and a beta of 2.00.

Institutional Trading of ProShares Ultra S&P500

Large investors have recently modified their holdings of the stock. Evolution Wealth Management Inc. grew its position in shares of ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 315 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of ProShares Ultra S&P500 during the 3rd quarter worth $37,000. Park Square Financial Group LLC acquired a new position in shares of ProShares Ultra S&P500 during the third quarter worth $47,000. Tucker Asset Management LLC acquired a new position in shares of ProShares Ultra S&P500 during the 4th quarter worth about $49,000. Finally, Corsicana & Co. increased its holdings in shares of ProShares Ultra S&P500 by 100.0% in the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 460 shares during the last quarter.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.