True Freedom Investing LLC purchased a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,034 shares of the real estate investment trust’s stock, valued at approximately $3,469,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $30,000. Western Wealth Management LLC bought a new stake in ProShares Ultra S&P500 in the 1st quarter valued at about $37,000. Bogart Wealth LLC acquired a new position in ProShares Ultra S&P500 during the 1st quarter worth approximately $55,000. SBI Securities Co. Ltd. raised its stake in ProShares Ultra S&P500 by 217.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 932 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 638 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in ProShares Ultra S&P500 in the second quarter worth approximately $126,000.
ProShares Ultra S&P500 Stock Performance
Shares of NYSEARCA:SSO opened at $67.67 on Monday. ProShares Ultra S&P500 has a 52-week low of $48.63 and a 52-week high of $72.80. The business’s 50 day simple moving average is $70.20 and its two-hundred day simple moving average is $64.47. The firm has a market cap of $8.45 billion, a P/E ratio of 24.25 and a beta of 2.01.
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.
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