ProShares Ultra S&P500 $SSO Stake Boosted by Founders Financial Securities LLC

Founders Financial Securities LLC increased its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 100.2% during the fourth quarter, HoldingsChannel reports. The firm owned 16,155 shares of the real estate investment trust’s stock after acquiring an additional 8,086 shares during the period. Founders Financial Securities LLC’s holdings in ProShares Ultra S&P500 were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SSO. Integrated Wealth Concepts LLC purchased a new position in ProShares Ultra S&P500 in the 1st quarter worth about $549,000. NewEdge Advisors LLC increased its stake in ProShares Ultra S&P500 by 199.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 9,590 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in ProShares Ultra S&P500 in the 1st quarter worth about $41,524,000. Ausdal Financial Partners Inc. purchased a new position in ProShares Ultra S&P500 in the 2nd quarter worth about $908,000. Finally, Bank of America Corp DE increased its stake in ProShares Ultra S&P500 by 519.0% in the 2nd quarter. Bank of America Corp DE now owns 22,283 shares of the real estate investment trust’s stock worth $2,177,000 after purchasing an additional 18,683 shares in the last quarter.

ProShares Ultra S&P500 Trading Up 0.5%

Shares of SSO opened at $69.78 on Tuesday. The business’s 50-day moving average price is $60.82 and its 200 day moving average price is $58.88. The stock has a market capitalization of $8.06 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1-year low of $43.88 and a 1-year high of $70.12.

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.