Oppenheimer Asset Management Inc. trimmed its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,452 shares of the real estate investment trust’s stock after selling 2,118 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ProShares Ultra S&P500 were worth $527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in ProShares Ultra S&P500 by 156.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,485 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 907 shares during the period. Bronfman E.L. Rothschild L.P. acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth about $152,000. Sowell Financial Services LLC acquired a new stake in ProShares Ultra S&P500 during the 3rd quarter worth about $311,000. Jump Trading LLC acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth about $360,000. Finally, Empirical Finance LLC acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth about $574,000.

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) traded up $1.79 during trading on Friday, reaching $109.34. The company’s stock had a trading volume of 1,252,363 shares, compared to its average volume of 1,753,835. ProShares Ultra S&P500 has a 52-week low of $75.58 and a 52-week high of $109.73.

TRADEMARK VIOLATION WARNING: “Oppenheimer Asset Management Inc. Reduces Stake in ProShares Ultra S&P500 (SSO)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/oppenheimer-asset-management-inc-reduces-stake-in-proshares-ultra-sp500-sso/1769892.html.

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.

Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

Receive News & Ratings for ProShares Ultra S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.