Short Interest in ProShares Ultra S&P500 (NYSEARCA:SSO) Expands By 52.0%

ProShares Ultra S&P500 (NYSEARCA:SSO) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 1,840,225 shares, an increase of 52.0% from the July 30th total of 1,210,859 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 2,827,312 shares, the days-to-cover ratio is presently 0.7 days.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $69.93 on Thursday. ProShares Ultra S&P500 has a fifty-two week low of $48.63 and a fifty-two week high of $72.80. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The stock’s fifty day moving average is $68.62 and its two-hundred day moving average is $63.59.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of large investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. increased its holdings in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 315 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $37,000. Tucker Asset Management LLC acquired a new stake in shares of ProShares Ultra S&P500 in the fourth quarter valued at approximately $49,000. Bogart Wealth LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $55,000. Finally, Winnow Wealth LLC increased its stake in shares of ProShares Ultra S&P500 by 100.3% during the 4th quarter. Winnow Wealth LLC now owns 1,216 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 609 shares in the last quarter.

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.