Howard Capital Management LLC Acquires 610,680 Shares of ProShares Ultra S&P500 $SSO

Howard Capital Management LLC raised its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 5.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 12,781,294 shares of the real estate investment trust’s stock after buying an additional 610,680 shares during the quarter. ProShares Ultra S&P500 accounts for about 9.4% of Howard Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Howard Capital Management LLC owned 0.10% of ProShares Ultra S&P500 worth $886,127,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in shares of ProShares Ultra S&P500 during the first quarter valued at approximately $37,000. Bogart Wealth LLC purchased a new stake in ProShares Ultra S&P500 in the first quarter worth $55,000. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares Ultra S&P500 in the second quarter worth $126,000. Anchor Investment Management LLC lifted its stake in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 2,000 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,000 shares during the period. Finally, Financial Life Planners bought a new stake in ProShares Ultra S&P500 in the first quarter valued at $144,000.

ProShares Ultra S&P500 Price Performance

NYSEARCA:SSO traded down $1.57 during trading hours on Friday, hitting $69.25. The company had a trading volume of 5,179,163 shares, compared to its average volume of 3,897,407. The stock has a 50-day moving average price of $70.50 and a 200 day moving average price of $66.79. The company has a market capitalization of $8.85 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $72.80.

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