Lido Advisors LLC Makes New $8.26 Million Investment in ProShares Ultra S&P500 $SSO

Lido Advisors LLC acquired a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) in the third quarter, Holdings Channel reports. The institutional investor acquired 119,078 shares of the real estate investment trust’s stock, valued at approximately $8,256,000.

Other large investors have also modified their holdings of the company. World Equity Group Inc. boosted its stake in shares of ProShares Ultra S&P500 by 5.8% during the 1st quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 258 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of ProShares Ultra S&P500 by 10.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,972 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 377 shares during the period. Blue Bell Private Wealth Management LLC acquired a new stake in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $27,000. MGO One Seven LLC grew its position in shares of ProShares Ultra S&P500 by 1.8% during the 3rd quarter. MGO One Seven LLC now owns 23,343 shares of the real estate investment trust’s stock valued at $1,618,000 after acquiring an additional 412 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $30,000.

ProShares Ultra S&P500 Stock Down 0.7%

Shares of ProShares Ultra S&P500 stock opened at $67.61 on Friday. The firm has a market cap of $7.15 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $72.80. The business has a 50-day moving average price of $69.57 and a 200 day moving average price of $64.81.

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.