Independent Financial Group LLC Takes $8.88 Million Position in ProShares Ultra S&P500 $SSO

Independent Financial Group LLC acquired a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 171,199 shares of the real estate investment trust’s stock, valued at approximately $8,882,000. Independent Financial Group LLC owned 0.15% of ProShares Ultra S&P500 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. lifted its position in ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 315 shares during the period. Tucker Asset Management LLC acquired a new stake in ProShares Ultra S&P500 during the 4th quarter worth about $49,000. Corsicana & Co. grew its position in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 460 shares during the period. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra S&P500 during the 1st quarter valued at about $55,000. Finally, Abound Wealth Management raised its stake in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Abound Wealth Management now owns 1,066 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 533 shares during the last quarter.

ProShares Ultra S&P500 Stock Down 1.0%

Shares of SSO stock opened at $67.95 on Friday. The stock has a market cap of $8.00 billion, a PE ratio of 24.25 and a beta of 2.01. The business has a 50-day simple moving average of $67.22 and a 200-day simple moving average of $61.13. ProShares Ultra S&P500 has a 52-week low of $48.63 and a 52-week high of $70.13.

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.