ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Down 50.7% in June

ProShares Ultra S&P500 (NYSEARCA:SSO) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,755,575 shares, a decline of 50.7% from the June 15th total of 3,560,187 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 3,195,753 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA SSO traded down $0.71 on Thursday, hitting $67.95. The company’s stock had a trading volume of 2,423,291 shares, compared to its average volume of 4,306,615. The stock has a 50 day moving average of $67.16 and a 200-day moving average of $61.07. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 12-month low of $48.63 and a 12-month high of $70.13.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of institutional investors and hedge funds have recently bought and sold shares of SSO. Evolution Wealth Management Inc. increased its position in 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. Western Wealth Management LLC acquired a new position in shares of ProShares Ultra S&P500 in the first quarter worth $37,000. Tucker Asset Management LLC purchased a new stake in shares of ProShares Ultra S&P500 in the fourth quarter valued at $49,000. Corsicana & Co. lifted its position in shares of ProShares Ultra S&P500 by 100.0% in the fourth 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 in the last quarter. Finally, Bogart Wealth LLC purchased a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at $55,000.

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.