ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Up 28.6% in January

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,936,704 shares, a growth of 28.6% from the December 31st total of 1,506,122 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 3,963,602 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 3,963,602 shares, the short-interest ratio is presently 0.5 days. Approximately 1.4% of the shares of the stock are sold short.

ProShares Ultra S&P500 Stock Performance

Shares of NYSEARCA SSO traded up $0.62 during trading on Monday, hitting $59.91. The company had a trading volume of 4,459,343 shares, compared to its average volume of 4,088,841. ProShares Ultra S&P500 has a 52 week low of $30.42 and a 52 week high of $60.37. The company has a market cap of $8.24 billion, a P/E ratio of 24.25 and a beta of 2.01. The business’s 50-day moving average is $58.66 and its 200 day moving average is $55.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SSO. Beacon Capital Management Inc. acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth about $27,000. Evolution Wealth Management Inc. acquired a new position in shares of ProShares Ultra S&P500 in the second quarter valued at $31,000. Global Retirement Partners LLC acquired a new stake in ProShares Ultra S&P500 during the third quarter worth approximately $37,000. Park Square Financial Group LLC acquired a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $47,000. Finally, Corsicana & Co. bought a new position in ProShares Ultra S&P500 during the third quarter worth about $52,000.

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.