Sowell Financial Services LLC Has $2.69 Million Stake in ProShares Ultra S&P500 $SSO

Sowell Financial Services LLC decreased its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,481 shares of the real estate investment trust’s stock after selling 1,051 shares during the quarter. Sowell Financial Services LLC’s holdings in ProShares Ultra S&P500 were worth $2,685,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in ProShares Ultra S&P500 during the 2nd quarter worth $461,738,000. Goldman Sachs Group Inc. bought a new position in ProShares Ultra S&P500 during the 1st quarter worth $41,524,000. Ridgepath Capital Management LLC raised its position in ProShares Ultra S&P500 by 22.5% during the 1st quarter. Ridgepath Capital Management LLC now owns 386,197 shares of the real estate investment trust’s stock worth $31,969,000 after purchasing an additional 70,898 shares during the last quarter. TTP Investments Inc. raised its position in ProShares Ultra S&P500 by 18.8% during the 2nd quarter. TTP Investments Inc. now owns 380,651 shares of the real estate investment trust’s stock worth $37,197,000 after purchasing an additional 60,361 shares during the last quarter. Finally, Marshall Financial Group LLC raised its position in ProShares Ultra S&P500 by 45.9% during the 2nd quarter. Marshall Financial Group LLC now owns 252,979 shares of the real estate investment trust’s stock worth $24,921,000 after purchasing an additional 79,559 shares during the last quarter.

ProShares Ultra S&P500 Trading Up 0.9%

SSO stock opened at $111.65 on Monday. The stock has a 50-day moving average price of $104.28 and a 200-day moving average price of $92.08. ProShares Ultra S&P500 has a 1-year low of $60.84 and a 1-year high of $111.97. The firm has a market cap of $7.62 billion, a PE ratio of 24.25 and a beta of 2.03.

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.