ProShares Ultra S&P500 $SSO Shares Acquired by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC lifted its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,104 shares of the real estate investment trust’s stock after acquiring an additional 14,667 shares during the quarter. ProShares Ultra S&P500 accounts for 9.5% of Ridgepath Capital Management LLC’s holdings, making the stock its 2nd biggest position. Ridgepath Capital Management LLC owned approximately 0.32% of ProShares Ultra S&P500 worth $19,201,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SSO. World Equity Group Inc. boosted its holdings in ProShares Ultra S&P500 by 5.8% in the first quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 258 shares during the last quarter. Independent Financial Group LLC purchased a new position in shares of ProShares Ultra S&P500 during the 1st quarter valued at about $8,882,000. Bank of New York Mellon Corp lifted its holdings in shares of ProShares Ultra S&P500 by 19.3% in the 1st quarter. Bank of New York Mellon Corp now owns 38,388 shares of the real estate investment trust’s stock valued at $1,992,000 after buying an additional 6,214 shares during the period. Bogart Wealth LLC acquired a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $55,000. Finally, Koshinski Asset Management Inc. boosted its stake in shares of ProShares Ultra S&P500 by 1.2% in the first quarter. Koshinski Asset Management Inc. now owns 45,071 shares of the real estate investment trust’s stock worth $2,338,000 after buying an additional 513 shares during the last quarter.

ProShares Ultra S&P500 Stock Down 0.3%

Shares of SSO opened at $66.33 on Tuesday. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $70.13. The stock’s 50-day moving average price is $67.22 and its 200-day moving average price is $61.23.

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