Cypress Capital LLC Makes New $1.37 Million Investment in ProShares Ultra S&P500 $SSO

Cypress Capital LLC bought a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,763 shares of the real estate investment trust’s stock, valued at approximately $1,370,000.

A number of other institutional investors have also bought and sold shares of SSO. Western Wealth Management LLC acquired a new stake in ProShares Ultra S&P500 during the 1st quarter worth about $37,000. Bogart Wealth LLC acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $55,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at about $126,000. Financial Life Planners acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $144,000. Finally, Wealth Group Ltd bought a new stake in shares of ProShares Ultra S&P500 during the 2nd quarter valued at about $210,000.

ProShares Ultra S&P500 Trading Up 0.6%

NYSEARCA SSO traded up $0.40 during trading hours on Tuesday, hitting $70.23. 5,593,791 shares of the company’s stock were exchanged, compared to its average volume of 3,903,075. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1-year low of $48.63 and a 1-year high of $72.80. The stock has a 50-day simple moving average of $70.46 and a 200 day simple moving average of $67.04.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.