Atlatl Advisers LLC lifted its stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 67.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,885 shares of the real estate investment trust’s stock after purchasing an additional 2,360 shares during the period. Atlatl Advisers LLC’s holdings in ProShares Ultra S&P500 were worth $575,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SSO. Envestnet Portfolio Solutions Inc. lifted its stake in shares of ProShares Ultra S&P500 by 36.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,349 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 1,439 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at about $689,000. Sollinda Capital Management LLC lifted its stake in shares of ProShares Ultra S&P500 by 19.6% in the first quarter. Sollinda Capital Management LLC now owns 27,832 shares of the real estate investment trust’s stock valued at $2,304,000 after purchasing an additional 4,562 shares during the period. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at about $5,444,000. Finally, Strategic Blueprint LLC lifted its stake in shares of ProShares Ultra S&P500 by 311.2% in the first quarter. Strategic Blueprint LLC now owns 9,906 shares of the real estate investment trust’s stock valued at $820,000 after purchasing an additional 7,497 shares during the period.
ProShares Ultra S&P500 Stock Up 1.6%
Shares of NYSEARCA SSO opened at $115.24 on Friday. ProShares Ultra S&P500 has a 52 week low of $60.84 and a 52 week high of $115.70. The firm has a 50-day moving average price of $109.31 and a 200 day moving average price of $97.41. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 24.25 and a beta of 2.03.
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.
Further Reading
- Five stocks we like better than ProShares Ultra S&P500
- A Deeper Look at Bid-Ask Spreads
- Tractor Supply Stock Looks Like a Buy-and-Hold Winner
- How to Profit From Value Investing
- 3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound
- What Is WallStreetBets and What Stocks Are They Targeting?
- Big Banks Are Setting the Tone as Earnings Season Kicks Off
Receive News & Ratings for ProShares Ultra S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.
