JPMorgan Chase & Co. Acquires 10,403 Shares of ProShares Ultra S&P500 $SSO

JPMorgan Chase & Co. increased its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 24.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,719 shares of the real estate investment trust’s stock after buying an additional 10,403 shares during the period. JPMorgan Chase & Co.’s holdings in ProShares Ultra S&P500 were worth $5,911,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. raised its holdings in ProShares Ultra S&P500 by 110,080.6% during the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after acquiring an additional 6,629,056 shares during the period. Main Street Group LTD grew its position in shares of ProShares Ultra S&P500 by 3.1% in the third quarter. Main Street Group LTD now owns 598,699 shares of the real estate investment trust’s stock valued at $67,132,000 after purchasing an additional 17,929 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of ProShares Ultra S&P500 in the first quarter valued at $41,524,000. TTP Investments Inc. raised its stake in shares of ProShares Ultra S&P500 by 8.2% during the 3rd quarter. TTP Investments Inc. now owns 411,714 shares of the real estate investment trust’s stock valued at $46,573,000 after purchasing an additional 31,063 shares during the period. Finally, Pinkerton Wealth LLC raised its stake in shares of ProShares Ultra S&P500 by 2.0% during the 3rd quarter. Pinkerton Wealth LLC now owns 309,881 shares of the real estate investment trust’s stock valued at $34,747,000 after purchasing an additional 6,184 shares during the period.

Key ProShares Ultra S&P500 News

Here are the key news stories impacting ProShares Ultra S&P500 this week:

• Positive Sentiment: U.S. stock futures jumped after comments suggesting a possible route to de?escalation in the Iran conflict, lifting risk appetite and boosting S&P 500?linked ETFs like SSO. Stock Market Today: S&P 500, Dow Futures Jump As Trump Hints At Ending Iran War
• Positive Sentiment: Additional headlines (and futures updates) indicated growing hopes for a diplomatic path, prompting short?covering and lifts in benchmark futures that buoy leveraged S&P exposure. Stock Market Today: S&P 500, Dow Futures Gain As Trump Calls Iran’s New Leaders ‘Very Reasonable’
• Positive Sentiment: Reports that commentators/analysts were forecasting a possible recovery if peace signals hold added to risk?on flows into index products. NASDAQ, Dow Jones and S&P 500 Forecasts – US Indices Trying to Recover on Monday
• Neutral Sentiment: Barron’s pieces debating “buy the dip” and listing best/worst S&P names reflect divergent views — supportive for tactical buyers but mixed for longer?term conviction; leveraged funds like SSO can amplify both outcomes. S&P 500 Nears Correction Territory. Wall Street Debates Buying the Dip. These Were the Best and Worst S&P 500 Stocks During the First Quarter
• Neutral Sentiment: Technical analysis notes and post?expiration option dynamics may be accentuating recent volatility in the S&P and therefore in SSO. S&P 500 Levels to Watch Amid Dow, Nasdaq Correction
• Negative Sentiment: Major outlets report the S&P 500 is on pace for its worst quarter since 2022 amid inflation, rate worries and the Iran war — broad sell?off pressure is a headwind for SSO once risk sentiment reverses. S&P 500 heads for worst quarter since 2022 as Iran war, rate worries rattle Wall Street
• Negative Sentiment: Rising oil prices and fading hopes for a quick end to the Iran conflict increase recession and inflation fears, pressuring equities and leveraged long products like SSO. S&P 500 Falters and Oil Rises After Hopes Fade for a Quick End to Iran Conflict
• Negative Sentiment: An analyst warned the S&P could fall further into correction territory, which would magnify losses for 2x long funds like SSO if downside continues. S&P 500 could fall to 6,150: analyst explains how to play the dip

ProShares Ultra S&P500 Stock Performance

Shares of SSO opened at $51.88 on Wednesday. ProShares Ultra S&P500 has a 52-week low of $30.42 and a 52-week high of $60.37. The stock’s 50-day simple moving average is $56.67 and its 200 day simple moving average is $57.08. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a $0.1138 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.