ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Large Volume Increase – Here’s Why

ProShares Ultra S&P500 (NYSEARCA:SSO) shares saw unusually-high trading volume on Monday . Approximately 3,619,364 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 2,736,497 shares.The stock last traded at $84.57 and had previously closed at $83.82.

ProShares Ultra S&P500 Stock Performance

The firm’s 50 day moving average price is $94.08 and its two-hundred day moving average price is $92.87. The firm has a market cap of $4.64 billion, a PE ratio of 22.99 and a beta of 2.06.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of institutional investors and hedge funds have recently made changes to their positions in SSO. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra S&P500 during the third quarter worth about $48,000. Compass Planning Associates Inc purchased a new stake in ProShares Ultra S&P500 during the 4th quarter worth approximately $56,000. Johnson Financial Group Inc. increased its stake in ProShares Ultra S&P500 by 92.1% during the 4th quarter. Johnson Financial Group Inc. now owns 680 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 326 shares during the period. Abound Wealth Management lifted its holdings in ProShares Ultra S&P500 by 46.7% during the 4th quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 249 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in ProShares Ultra S&P500 in the 4th quarter valued at approximately $123,000.

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.