Unique Wealth LLC lifted its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 98.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 107,849 shares of the real estate investment trust’s stock after buying an additional 53,624 shares during the quarter. ProShares Ultra S&P500 makes up 0.9% of Unique Wealth LLC’s portfolio, making the stock its 29th biggest position. Unique Wealth LLC’s holdings in ProShares Ultra S&P500 were worth $6,247,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Capital Management Inc. bought a new stake in shares of ProShares Ultra S&P500 during the 2nd quarter valued at about $27,000. Evolution Wealth Management Inc. bought a new position in ProShares Ultra S&P500 in the second quarter worth about $31,000. Global Retirement Partners LLC acquired a new position in ProShares Ultra S&P500 in the third quarter valued at approximately $37,000. Park Square Financial Group LLC acquired a new position in ProShares Ultra S&P500 in the third quarter valued at approximately $47,000. Finally, Corsicana & Co. bought a new position in shares of ProShares Ultra S&P500 during the third quarter valued at approximately $52,000.
ProShares Ultra S&P500 Trading Down 0.6%
Shares of ProShares Ultra S&P500 stock opened at $53.42 on Friday. The business’s 50 day simple moving average is $57.92 and its 200-day simple moving average is $57.12. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a twelve month low of $30.42 and a twelve month high of $60.37.
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.
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