ProShares Ultra S&P500 (NYSEARCA:SSO) Hits New 52-Week High – Time to Buy?

ProShares Ultra S&P500 (NYSEARCA:SSO) shares reached a new 52-week high on Wednesday . The stock traded as high as $100.25 and last traded at $100.23, with a volume of 3822630 shares changing hands. The stock had previously closed at $99.72.

ProShares Ultra S&P500 Trading Up 0.5 %

The stock’s 50-day moving average is $96.10 and its two-hundred day moving average is $91.87.

Institutional Trading of ProShares Ultra S&P500

Hedge funds have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC increased its holdings in ProShares Ultra S&P500 by 5,312.9% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 142,358 shares of the real estate investment trust’s stock valued at $13,170,000 after buying an additional 139,728 shares during the last quarter. Global View Capital Management LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 4th quarter worth $10,406,000. IMC Chicago LLC bought a new position in ProShares Ultra S&P500 in the 4th quarter worth $9,793,000. Exchange Traded Concepts LLC purchased a new position in ProShares Ultra S&P500 during the fourth quarter valued at $6,711,000. Finally, Kingswood Wealth Advisors LLC grew its holdings in ProShares Ultra S&P500 by 563.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 72,247 shares of the real estate investment trust’s stock valued at $6,684,000 after purchasing an additional 61,356 shares during the period.

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.