PMV Capital Advisers LLC Raises Stock Position in ProShares Ultra S&P500 $SSO

PMV Capital Advisers LLC raised its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 155.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,877 shares of the real estate investment trust’s stock after purchasing an additional 25,454 shares during the quarter. ProShares Ultra S&P500 accounts for approximately 4.4% of PMV Capital Advisers LLC’s holdings, making the stock its 8th biggest holding. PMV Capital Advisers LLC’s holdings in ProShares Ultra S&P500 were worth $2,426,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Beacon Capital Management Inc. bought a new position in shares of ProShares Ultra S&P500 during the second quarter valued at approximately $27,000. Evolution Wealth Management Inc. bought a new stake in shares of ProShares Ultra S&P500 during the 2nd quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new position in ProShares Ultra S&P500 during the 3rd quarter valued at $37,000. Park Square Financial Group LLC purchased a new position in ProShares Ultra S&P500 during the 3rd quarter valued at $47,000. Finally, Corsicana & Co. bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $52,000.

ProShares Ultra S&P500 Stock Down 2.9%

Shares of ProShares Ultra S&P500 stock opened at $51.86 on Monday. The stock’s fifty day moving average is $57.76 and its two-hundred day moving average is $57.19. ProShares Ultra S&P500 has a 52 week low of $30.42 and a 52 week high of $60.37. The company has a market capitalization of $6.83 billion, a PE ratio of 24.25 and a beta of 2.01.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.