ProShares Ultra S&P500 $SSO Shares Bought by Client First Investment Management LLC

Client First Investment Management LLC boosted its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 493.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 540,061 shares of the real estate investment trust’s stock after acquiring an additional 449,066 shares during the period. ProShares Ultra S&P500 comprises 16.4% of Client First Investment Management LLC’s portfolio, making the stock its 2nd largest holding. Client First Investment Management LLC’s holdings in ProShares Ultra S&P500 were worth $31,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SSO. Integrated Wealth Concepts LLC purchased a new stake in ProShares Ultra S&P500 during the first quarter worth approximately $549,000. NewEdge Advisors LLC raised its holdings in ProShares Ultra S&P500 by 199.8% in the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 9,590 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in ProShares Ultra S&P500 in the first quarter valued at $41,524,000. Ausdal Financial Partners Inc. acquired a new stake in ProShares Ultra S&P500 in the second quarter valued at $908,000. Finally, Bank of America Corp DE raised its holdings in ProShares Ultra S&P500 by 519.0% in the second quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock valued at $2,177,000 after acquiring an additional 18,683 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

SSO opened at $68.38 on Thursday. The stock has a market capitalization of $7.90 billion, a PE ratio of 24.25 and a beta of 2.01. The firm’s fifty day moving average price is $59.90 and its 200 day moving average price is $58.63. ProShares Ultra S&P500 has a 12-month low of $43.60 and a 12-month high of $68.68.

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.