Axxcess Wealth Management LLC reduced its stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 35.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,096 shares of the real estate investment trust’s stock after selling 79,634 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $14,277,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Global Partners LLC bought a new stake in ProShares Ultra S&P500 in the first quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra S&P500 in the first quarter worth approximately $159,000. Crossingbridge Advisors LLC bought a new stake in ProShares Ultra S&P500 in the first quarter worth approximately $166,000. Oliver Lagore Vanvalin Investment Group bought a new stake in ProShares Ultra S&P500 in the second quarter worth approximately $200,000. Finally, Cadent Capital Advisors LLC bought a new stake in ProShares Ultra S&P500 in the second quarter worth approximately $215,000.
ProShares Ultra S&P500 Stock Performance
Shares of SSO stock opened at $110.75 on Tuesday. The company has a market cap of $7.65 billion, a P/E ratio of 24.25 and a beta of 2.03. The stock has a 50 day simple moving average of $107.72 and a two-hundred day simple moving average of $95.15. ProShares Ultra S&P500 has a fifty-two week low of $60.84 and a fifty-two week high of $114.61.
ProShares Ultra S&P500 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.
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