Wealthstar Advisors LLC Reduces Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Wealthstar Advisors LLC cut its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 6.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,644 shares of the real estate investment trust’s stock after selling 376 shares during the quarter. Wealthstar Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SSO. First Foundation Advisors purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at $754,000. Belpointe Asset Management LLC purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at $432,000. Modera Wealth Management LLC purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at $184,000. Anchor Investment Management LLC purchased a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $65,000. Finally, Unique Wealth LLC boosted its holdings in ProShares Ultra S&P500 by 8.2% in the fourth quarter. Unique Wealth LLC now owns 166,457 shares of the real estate investment trust’s stock valued at $10,831,000 after purchasing an additional 12,563 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

NYSEARCA:SSO traded up $0.71 during mid-day trading on Thursday, hitting $84.75. The company’s stock had a trading volume of 1,335,706 shares, compared to its average volume of 3,352,568. ProShares Ultra S&P500 has a 1 year low of $48.59 and a 1 year high of $84.89. The business’s fifty day moving average is $78.68 and its two-hundred day moving average is $73.43.

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.