Foundations Investment Advisors LLC Decreases Stake in ProShares Ultra S&P500 (NYSEARCA:SSO)

Foundations Investment Advisors LLC reduced its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 85.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,678 shares of the real estate investment trust’s stock after selling 101,799 shares during the period. Foundations Investment Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthspire Advisors LLC purchased a new position in ProShares Ultra S&P500 during the first quarter worth about $206,000. Founders Financial Securities LLC raised its stake in ProShares Ultra S&P500 by 6.5% during the first quarter. Founders Financial Securities LLC now owns 4,130 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 251 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in ProShares Ultra S&P500 by 135.9% during the first quarter. Ashton Thomas Private Wealth LLC now owns 36,550 shares of the real estate investment trust’s stock worth $2,833,000 after purchasing an additional 21,053 shares during the period. Sanctuary Advisors LLC purchased a new position in ProShares Ultra S&P500 during the second quarter worth about $691,000. Finally, Blair William & Co. IL raised its stake in ProShares Ultra S&P500 by 12.5% during the first quarter. Blair William & Co. IL now owns 8,052 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 892 shares during the period.

ProShares Ultra S&P500 Trading Down 1.9 %

Shares of SSO opened at $91.00 on Thursday. ProShares Ultra S&P500 has a 1-year low of $48.59 and a 1-year high of $93.70. The firm has a 50-day simple moving average of $87.55 and a two-hundred day simple moving average of $82.05.

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.