Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) saw an uptick in trading volume on Wednesday . 8,657,116 shares were traded during trading, an increase of 219% from the previous session’s volume of 2,713,186 shares.The stock last traded at $89.09 and had previously closed at $88.43.
ProShares Ultra S&P500 Price Performance
The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 26.71 and a beta of 2.04. The company’s fifty day simple moving average is $95.63 and its two-hundred day simple moving average is $92.95.
Hedge Funds Weigh In On ProShares Ultra S&P500
Large investors have recently added to or reduced their stakes in the business. Pinkerton Retirement Specialists LLC grew its stake in shares of ProShares Ultra S&P500 by 5,312.9% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 142,358 shares of the real estate investment trust’s stock worth $13,170,000 after acquiring an additional 139,728 shares in the last quarter. Global View Capital Management LLC bought a new position in ProShares Ultra S&P500 in the 4th quarter worth approximately $10,406,000. IMC Chicago LLC bought a new position in ProShares Ultra S&P500 in the 4th quarter worth about $9,793,000. Exchange Traded Concepts LLC bought a new position in ProShares Ultra S&P500 in the 4th quarter valued at $6,711,000. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of ProShares Ultra S&P500 by 563.4% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 72,247 shares of the real estate investment trust’s stock valued at $6,684,000 after acquiring an additional 61,356 shares during 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.
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