Axxcess Wealth Management LLC Has $18.80 Million Stock Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Axxcess Wealth Management LLC lessened its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,249 shares of the real estate investment trust’s stock after selling 113,948 shares during the period. Axxcess Wealth Management LLC owned about 0.35% of ProShares Ultra S&P500 worth $18,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Altman Advisors Inc. bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth approximately $267,000. Kingsview Wealth Management LLC increased its position in shares of ProShares Ultra S&P500 by 75.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,563 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 2,401 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra S&P500 in the 3rd quarter worth about $48,000. Townsquare Capital LLC increased its holdings in ProShares Ultra S&P500 by 19.6% in the 3rd quarter. Townsquare Capital LLC now owns 19,205 shares of the real estate investment trust’s stock worth $1,732,000 after acquiring an additional 3,143 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in ProShares Ultra S&P500 in the 3rd quarter worth about $3,688,000.

ProShares Ultra S&P500 Stock Up 1.5 %

Shares of NYSEARCA SSO opened at $85.08 on Tuesday. ProShares Ultra S&P500 has a 52 week low of $68.75 and a 52 week high of $100.29. The business has a 50-day simple moving average of $93.88 and a two-hundred day simple moving average of $92.87. The company has a market cap of $4.68 billion, a P/E ratio of 22.99 and a beta of 2.06.

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.