X Square Capital LLC Buys 500 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

X Square Capital LLC lifted its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,996 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. X Square Capital LLC’s holdings in ProShares Ultra S&P500 were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Client First Investment Management LLC lifted its holdings in shares of ProShares Ultra S&P500 by 15.9% in the fourth quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after purchasing an additional 53,310 shares in the last quarter. Ridgepath Capital Management LLC grew its position in ProShares Ultra S&P500 by 0.8% in the fourth quarter. Ridgepath Capital Management LLC now owns 315,299 shares of the real estate investment trust’s stock valued at $29,168,000 after purchasing an additional 2,472 shares in the last quarter. Spire Wealth Management boosted its stake in shares of ProShares Ultra S&P500 by 6.2% during the 4th quarter. Spire Wealth Management now owns 123,134 shares of the real estate investment trust’s stock worth $11,391,000 after buying an additional 7,139 shares during the last quarter. Global View Capital Management LLC acquired a new stake in shares of ProShares Ultra S&P500 in the fourth quarter valued at about $10,406,000. Finally, IMC Chicago LLC acquired a new position in ProShares Ultra S&P500 during the fourth quarter valued at approximately $9,793,000.

ProShares Ultra S&P500 Stock Down 0.6 %

NYSEARCA:SSO opened at $85.22 on Friday. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a twelve month low of $68.75 and a twelve month high of $100.29. The stock’s 50 day moving average price is $92.74 and its two-hundred day moving average price is $92.83.

ProShares Ultra S&P500 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be given a $0.1656 dividend. The ex-dividend date is Wednesday, March 26th.

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.