ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Large Volume Increase

ProShares Ultra S&P500 (NYSEARCA:SSO) saw unusually-high trading volume on Tuesday . Approximately 8,252,695 shares were traded during mid-day trading, an increase of 125% from the previous session’s volume of 3,670,936 shares.The stock last traded at $71.62 and had previously closed at $71.81.

ProShares Ultra S&P500 Price Performance

The firm’s 50-day moving average is $74.10 and its 200 day moving average is $65.12.

Hedge Funds Weigh In On ProShares Ultra S&P500

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in ProShares Ultra S&P500 by 158.7% in the 1st quarter. Bank of America Corp DE now owns 388 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 238 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in ProShares Ultra S&P500 in the 4th quarter valued at about $26,000. Stonebridge Capital Advisors LLC grew its stake in ProShares Ultra S&P500 by 100.0% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 500 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 250 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in ProShares Ultra S&P500 in the 4th quarter valued at about $43,000. Finally, PNC Financial Services Group Inc. grew its stake in ProShares Ultra S&P500 by 100.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 846 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 423 shares during the last quarter.

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.