Wealth Watch Advisors INC Takes $547,000 Position in ProShares Ultra S&P500 $SSO

Wealth Watch Advisors INC purchased a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,595 shares of the real estate investment trust’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of ProShares Ultra S&P500 by 137.1% in the first quarter. Bank of New York Mellon Corp now owns 10,312 shares of the real estate investment trust’s stock valued at $854,000 after buying an additional 5,963 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of ProShares Ultra S&P500 by 47.1% in the first quarter. Envestnet Asset Management Inc. now owns 16,161 shares of the real estate investment trust’s stock valued at $1,338,000 after buying an additional 5,172 shares during the period. NBZ Investment Advisors LLC acquired a new position in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $11,645,000. Norden Group LLC boosted its holdings in shares of ProShares Ultra S&P500 by 7.8% in the second quarter. Norden Group LLC now owns 7,758 shares of the real estate investment trust’s stock valued at $758,000 after buying an additional 559 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $325,000.

ProShares Ultra S&P500 Stock Up 1.6%

ProShares Ultra S&P500 stock opened at $115.24 on Monday. The company has a 50 day moving average of $109.31 and a 200-day moving average of $97.55. The stock has a market capitalization of $7.25 billion, a PE ratio of 24.25 and a beta of 2.03. ProShares Ultra S&P500 has a twelve month low of $60.84 and a twelve month high of $115.70.

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.