Meridian Wealth Management LLC Acquires 16,637 Shares of ProShares Ultra S&P500 $SSO

Meridian Wealth Management LLC raised its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 96.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,824 shares of the real estate investment trust’s stock after buying an additional 16,637 shares during the quarter. Meridian Wealth Management LLC’s holdings in ProShares Ultra S&P500 were worth $1,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSO. Howard Capital Management Inc. raised its holdings in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock worth $797,878,000 after purchasing an additional 6,887,760 shares in the last quarter. Assetmark Inc. raised its holdings in ProShares Ultra S&P500 by 110,080.6% in the third quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock worth $743,991,000 after purchasing an additional 6,629,056 shares in the last quarter. Main Street Group LTD raised its holdings in ProShares Ultra S&P500 by 101.6% in the fourth quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after purchasing an additional 608,334 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in ProShares Ultra S&P500 in the first quarter worth $41,524,000. Finally, Global View Capital Management LLC raised its holdings in ProShares Ultra S&P500 by 329.8% in 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 in the last quarter.

Key Headlines Impacting ProShares Ultra S&P500

Here are the key news stories impacting ProShares Ultra S&P500 this week:

• Positive Sentiment: The S&P 500 continues to trade at record highs, lifting leveraged index products like SSO as investors stay in a risk-on mode. S&P 500 Settles Above 7,400: Investor Sentiment Improves Slightly, Fear Index Remains In ‘Greed’ Zone
• Positive Sentiment: HSBC raised its year-end S&P 500 outlook, citing resilient corporate earnings and continued strength in AI-related technology stocks, which is supportive for SSO. Banking giant updates S&P 500 target for end of 2026
• Positive Sentiment: SSO reached a new 12-month high, signaling strong technical momentum and continued buying interest. ProShares Ultra S&P500 (NYSEARCA:SSO) Reaches New 12-Month High – Time to Buy?
• Positive Sentiment: Short interest in SSO fell sharply in April, suggesting less bearish positioning and potentially less pressure on the ETF.
• Neutral Sentiment: Some market commentary is warning that the S&P 500 may now be a portfolio risk after its strong run, which could temper enthusiasm but does not yet show a clear reversal. Is the S&P 500 Now Your Portfolio’s Biggest Risk?
• Neutral Sentiment: Geopolitical tensions and oil-price volatility have created a more cautious backdrop for equities, although the market has so far held up well. S&P 500 set for muted open as Trump brands Iran offer ‘totally unacceptable’

ProShares Ultra S&P500 Trading Down 0.3%

SSO opened at $66.33 on Wednesday. The stock has a fifty day simple moving average of $57.49 and a two-hundred day simple moving average of $57.92. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 12-month low of $42.53 and a 12-month high of $66.80.

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.