TFB Advisors LLC Buys New Shares in ProShares Ultra S&P500 $SSO

TFB Advisors LLC purchased a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 33,810 shares of the real estate investment trust’s stock, valued at approximately $2,344,000. ProShares Ultra S&P500 accounts for about 0.9% of TFB Advisors LLC’s holdings, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC purchased a new position in ProShares Ultra S&P500 during the third quarter worth $27,000. Root Financial Partners LLC bought a new position in ProShares Ultra S&P500 during the third quarter valued at $30,000. Western Wealth Management LLC bought a new position in ProShares Ultra S&P500 during the first quarter valued at $37,000. SBI Securities Co. Ltd. increased its position in ProShares Ultra S&P500 by 217.0% during the third quarter. SBI Securities Co. Ltd. now owns 932 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 638 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra S&P500 in the second quarter valued at $126,000.

ProShares Ultra S&P500 Trading Down 8.8%

Shares of SSO opened at $63.51 on Friday. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $72.80. The company has a market cap of $7.93 billion, a P/E ratio of 24.25 and a beta of 2.01. The company’s fifty day simple moving average is $69.95 and its 200-day simple moving average is $64.61.

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.