ProShares Ultra S&P500 (NYSEARCA:SSO) Share Price Pass Above 200-Day Moving Average – Should You Sell?

ProShares Ultra S&P500 (NYSEARCA:SSO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $87.92 and traded as high as $94.61. ProShares Ultra S&P500 shares last traded at $92.43, with a volume of 3,497,994 shares.

ProShares Ultra S&P500 Trading Up 2.3 %

The stock’s 50-day moving average is $94.92 and its 200-day moving average is $88.03.

Institutional Trading of ProShares Ultra S&P500

Institutional investors have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC lifted its position in shares of ProShares Ultra S&P500 by 123.2% during the second quarter. Axxcess Wealth Management LLC now owns 316,334 shares of the real estate investment trust’s stock worth $26,129,000 after purchasing an additional 174,634 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in ProShares Ultra S&P500 by 1,071.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 118,477 shares of the real estate investment trust’s stock worth $9,786,000 after buying an additional 108,360 shares in the last quarter. Aveo Capital Partners LLC boosted its position in ProShares Ultra S&P500 by 148.7% in the 2nd quarter. Aveo Capital Partners LLC now owns 147,565 shares of the real estate investment trust’s stock valued at $12,189,000 after buying an additional 88,222 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of ProShares Ultra S&P500 by 4,542.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock valued at $5,388,000 after acquiring an additional 58,467 shares in the last quarter. Finally, TFB Advisors LLC increased its position in shares of ProShares Ultra S&P500 by 841.6% during the second quarter. TFB Advisors LLC now owns 62,896 shares of the real estate investment trust’s stock worth $5,195,000 after acquiring an additional 56,216 shares during the last quarter.

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.