Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,326,989 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 2,253,742 shares.The stock last traded at $96.49 and had previously closed at $95.78.
ProShares Ultra S&P500 Price Performance
The business has a 50-day simple moving average of $95.67 and a two-hundred day simple moving average of $89.87.
Institutional Investors Weigh In On ProShares Ultra S&P500
Institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of ProShares Ultra S&P500 during the fourth quarter worth $6,711,000. Ashton Thomas Private Wealth LLC lifted its stake in ProShares Ultra S&P500 by 4,542.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock valued at $5,388,000 after purchasing an additional 58,467 shares during the last quarter. Client First Investment Management LLC increased its position in ProShares Ultra S&P500 by 15.9% during the fourth quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock worth $35,895,000 after buying an additional 53,310 shares during the last quarter. Plotkin Financial Advisors LLC bought a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $4,384,000. Finally, Flow Traders U.S. LLC bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth approximately $3,688,000.
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.
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