ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Unusually-High Trading Volume – Here’s Why

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) saw strong trading volume on Monday . 3,619,364 shares traded hands during 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 Trading Down 2.1 %

The company has a fifty day moving average price of $93.68 and a two-hundred day moving average price of $92.84. The firm has a market cap of $4.58 billion, a P/E ratio of 22.99 and a beta of 2.06.

Hedge Funds Weigh In On ProShares Ultra S&P500

Several institutional investors and hedge funds have recently modified their holdings of the business. Chicago Partners Investment Group LLC grew its position in shares of ProShares Ultra S&P500 by 1.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 9,820 shares of the real estate investment trust’s stock valued at $917,000 after purchasing an additional 113 shares during the period. Rollins Financial Advisors LLC boosted its position in ProShares Ultra S&P500 by 1.0% during the 4th quarter. Rollins Financial Advisors LLC now owns 12,048 shares of the real estate investment trust’s stock worth $1,115,000 after acquiring an additional 115 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in ProShares Ultra S&P500 by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,888 shares of the real estate investment trust’s stock worth $822,000 after acquiring an additional 150 shares during the last quarter. Mariner LLC boosted its position in ProShares Ultra S&P500 by 1.1% during the 4th quarter. Mariner LLC now owns 15,172 shares of the real estate investment trust’s stock worth $1,404,000 after acquiring an additional 161 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in ProShares Ultra S&P500 by 2.7% during the 4th quarter. CoreCap Advisors LLC now owns 9,193 shares of the real estate investment trust’s stock worth $850,000 after acquiring an additional 239 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.