ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Break Above 200-Day Moving Average – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $65.35 and traded as high as $70.59. ProShares Ultra S&P500 shares last traded at $69.33, with a volume of 2,740,224 shares trading hands.

ProShares Ultra S&P500 Stock Performance

The stock’s fifty day moving average price is $69.78 and its 200-day moving average price is $65.46. The firm has a market cap of $8.58 billion, a PE ratio of 24.25 and a beta of 2.01.

Institutional Trading of ProShares Ultra S&P500

Large investors have recently bought and sold shares of the company. World Equity Group Inc. raised its position in shares of ProShares Ultra S&P500 by 5.8% during the 1st quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 258 shares in the last quarter. Evolution Wealth Management Inc. boosted its holdings in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 315 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of ProShares Ultra S&P500 by 10.6% during the first quarter. Physician Wealth Advisors Inc. now owns 3,633 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 348 shares during the period. EverSource Wealth Advisors LLC raised its holdings in ProShares Ultra S&P500 by 10.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 377 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in ProShares Ultra S&P500 by 12.3% during the first quarter. Arkadios Wealth Advisors now owns 4,578 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 500 shares in 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.