True Freedom Investing LLC bought a new position in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) during the third quarter, Holdings Channel reports. The firm bought 50,034 shares of the real estate investment trust’s stock, valued at approximately $3,469,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at about $30,000. Western Wealth Management LLC bought a new position in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $37,000. SBI Securities Co. Ltd. lifted its holdings in shares of ProShares Ultra S&P500 by 217.0% in the third quarter. SBI Securities Co. Ltd. now owns 932 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 638 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra S&P500 during the first quarter valued at approximately $55,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra S&P500 during the second quarter worth $126,000.
ProShares Ultra S&P500 Stock Performance
Shares of ProShares Ultra S&P500 stock opened at $67.67 on Monday. The company has a market capitalization of $8.45 billion, a P/E ratio of 24.25 and a beta of 2.01. The stock has a fifty day simple moving average of $70.20 and a 200 day simple moving average of $64.47. ProShares Ultra S&P500 has a 12-month low of $48.63 and a 12-month high of $72.80.
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.
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