7,273 Shares in ProShares Ultra S&P500 $SSO Bought by Wavvest Wealth LLC

Wavvest Wealth LLC purchased a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the third quarter, HoldingsChannel reports. The institutional investor purchased 7,273 shares of the real estate investment trust’s stock, valued at approximately $504,000.

Other hedge funds also recently modified their holdings of the company. Howard Capital Management LLC increased its position in shares of ProShares Ultra S&P500 by 5.0% during the 3rd quarter. Howard Capital Management LLC now owns 12,781,294 shares of the real estate investment trust’s stock valued at $886,127,000 after purchasing an additional 610,680 shares during the period. Turner Capital Investments LLC bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter worth $39,489,000. Client First Investment Management LLC lifted its holdings in shares of ProShares Ultra S&P500 by 361.3% in the second quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock valued at $36,692,000 after buying an additional 426,494 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of ProShares Ultra S&P500 in the third quarter valued at $15,896,000. Finally, Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at $8,882,000.

ProShares Ultra S&P500 Stock Up 1.0%

Shares of SSO stock opened at $71.00 on Thursday. The stock has a 50-day simple moving average of $70.43 and a 200 day simple moving average of $67.30. ProShares Ultra S&P500 has a fifty-two week low of $48.63 and a fifty-two week high of $72.80. The stock has a market capitalization of $9.09 billion, a P/E ratio of 24.25 and a beta of 2.01.

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.