Unique Wealth LLC Decreases Position in ProShares Ultra S&P500 $SSO

Unique Wealth LLC lessened its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 17.3% during the first quarter, Holdings Channel.com reports. The firm owned 89,236 shares of the real estate investment trust’s stock after selling 18,613 shares during the quarter. Unique Wealth LLC’s holdings in ProShares Ultra S&P500 were worth $4,630,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SSO. Evolution Wealth Management Inc. boosted 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 buying an additional 315 shares during the period. Park Square Financial Group LLC bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $47,000. Tucker Asset Management LLC bought a new stake in shares of ProShares Ultra S&P500 in the 4th quarter valued at about $49,000. Corsicana & Co. lifted its stake in shares of ProShares Ultra S&P500 by 100.0% in the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 460 shares during the last quarter. Finally, Abound Wealth Management boosted its holdings in 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 acquiring an additional 533 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock opened at $65.05 on Friday. The business has a 50-day moving average of $65.64 and a 200 day moving average of $60.16. ProShares Ultra S&P500 has a 1-year low of $47.41 and a 1-year high of $70.13. The stock has a market capitalization of $7.52 billion, a PE ratio of 24.25 and a beta of 2.01.

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