Sowell Financial Services LLC Purchases New Holdings in ProShares Ultra S&P500 $SSO

Sowell Financial Services LLC bought a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 44,435 shares of the real estate investment trust’s stock, valued at approximately $3,081,000.

A number of other institutional investors have also bought and sold shares of the business. Corient Private Wealth LLC boosted its stake in shares of ProShares Ultra S&P500 by 220.3% in the fourth quarter. Corient Private Wealth LLC now owns 16,941 shares of the real estate investment trust’s stock worth $981,000 after acquiring an additional 11,652 shares during the period. Tucker Asset Management LLC bought a new stake in shares of ProShares Ultra S&P500 in the second quarter worth about $482,000. Ridgepath Capital Management LLC raised its holdings in shares of ProShares Ultra S&P500 by 4.1% during the 1st quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock worth $19,201,000 after acquiring an additional 14,667 shares in the last quarter. Three Seasons Wealth LLC bought a new position in ProShares Ultra S&P500 during the second quarter valued at $8,126,000. Finally, Toth Financial Advisory Corp bought a new stake in ProShares Ultra S&P500 during the third quarter worth approximately $15,896,000.

ProShares Ultra S&P500 Stock Down 3.6%

Shares of SSO opened at $67.67 on Friday. ProShares Ultra S&P500 has a 52-week low of $48.63 and a 52-week high of $72.80. The business has a fifty day moving average of $70.20 and a 200 day moving average of $64.47. The company has a market cap of $8.41 billion, a PE ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Company 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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.