ProShares Ultra S&P500 (NYSEARCA:SSO) Reaches New 12-Month High – Time to Buy?

ProShares Ultra S&P500 (NYSEARCA:SSO)’s share price reached a new 52-week high on Tuesday . The company traded as high as $66.80 and last traded at $66.51, with a volume of 2441604 shares. The stock had previously closed at $66.22.

ProShares Ultra S&P500 Stock Up 0.4%

The stock’s fifty day moving average price is $57.32 and its two-hundred day moving average price is $57.85. The company has a market capitalization of $7.69 billion, a PE ratio of 24.25 and a beta of 2.01.

Institutional Trading of ProShares Ultra S&P500

Institutional investors have recently modified their holdings of the company. CPR Investments Inc. boosted its holdings in shares of ProShares Ultra S&P500 by 285.8% during the fourth quarter. CPR Investments Inc. now owns 15,351 shares of the real estate investment trust’s stock worth $891,000 after purchasing an additional 11,372 shares during the period. Berger Financial Group Inc boosted its holdings in shares of ProShares Ultra S&P500 by 98.6% during the fourth quarter. Berger Financial Group Inc now owns 22,730 shares of the real estate investment trust’s stock worth $1,317,000 after purchasing an additional 11,286 shares during the period. Arta Finance Wealth Management LLC purchased a new stake in shares of ProShares Ultra S&P500 during the fourth quarter worth about $8,491,000. Global View Capital Management LLC boosted its holdings in shares of ProShares Ultra S&P500 by 329.8% during the fourth quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock worth $26,962,000 after purchasing an additional 357,202 shares during the period. Finally, Marshall Financial Group LLC boosted its holdings in shares of ProShares Ultra S&P500 by 64.1% during the fourth quarter. Marshall Financial Group LLC now owns 104,822 shares of the real estate investment trust’s stock worth $6,071,000 after purchasing an additional 40,962 shares during the period.

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.