ProShares Ultra S&P500 (NYSEARCA:SSO) Stock Price Pass Above Two Hundred Day Moving Average – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $87.92 and traded as high as $94.61. ProShares Ultra S&P500 shares last traded at $92.43, with a volume of 3,497,994 shares changing hands.

ProShares Ultra S&P500 Stock Performance

The business’s 50-day moving average price is $94.92 and its two-hundred day moving average price is $88.03.

Hedge Funds Weigh In On ProShares Ultra S&P500

Large investors have recently modified their holdings of the stock. Tidal Investments LLC bought a new position in ProShares Ultra S&P500 during the third quarter worth $1,137,000. Invst LLC lifted its position in shares of ProShares Ultra S&P500 by 6.6% in the 3rd quarter. Invst LLC now owns 32,686 shares of the real estate investment trust’s stock worth $2,947,000 after buying an additional 2,015 shares during the last quarter. Discipline Wealth Solutions LLC bought a new position in shares of ProShares Ultra S&P500 in the 3rd quarter worth about $836,000. GG Group Ventures LLC acquired a new position in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $560,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $1,334,000.

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.