ProShares Ultra S&P500 $SSO Stock: Encompass More Asset Management Increases Stake

Encompass More Asset Management grew its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 658.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 77,994 shares of the real estate investment trust’s stock after acquiring an additional 67,707 shares during the quarter. Encompass More Asset Management’s holdings in ProShares Ultra S&P500 were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Howard Capital Management LLC raised its stake in shares of ProShares Ultra S&P500 by 5.0% during the 3rd quarter. Howard Capital Management LLC now owns 12,781,294 shares of the real estate investment trust’s stock worth $886,127,000 after purchasing an additional 610,680 shares during the period. Kennicott Capital Management LLC bought a new position in ProShares Ultra S&P500 during the third quarter valued at about $515,000. Legacy Wealth Partners LLC grew its position in ProShares Ultra S&P500 by 377.2% during the third quarter. Legacy Wealth Partners LLC now owns 33,400 shares of the real estate investment trust’s stock valued at $2,316,000 after buying an additional 26,401 shares during the period. Spartan Planning & Wealth Management grew its position in ProShares Ultra S&P500 by 96.5% during the third quarter. Spartan Planning & Wealth Management now owns 12,212 shares of the real estate investment trust’s stock valued at $847,000 after buying an additional 5,998 shares during the period. Finally, Castleview Partners LLC increased its holdings in ProShares Ultra S&P500 by 64.2% during the third quarter. Castleview Partners LLC now owns 7,611 shares of the real estate investment trust’s stock worth $528,000 after buying an additional 2,976 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

NYSEARCA SSO opened at $69.25 on Friday. The company has a market capitalization of $8.85 billion, a PE 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 $72.80. The company has a 50-day simple moving average of $70.50 and a 200 day simple moving average of $66.79.

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.