ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Significant Decline in Short Interest

ProShares Ultra S&P500 (NYSEARCA:SSO) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 786,547 shares, a decline of 59.4% from the January 15th total of 1,936,704 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 4,177,205 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 4,177,205 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra S&P500

Institutional investors and hedge funds have recently bought and sold shares of the company. Howard Capital Management Inc. purchased a new position in ProShares Ultra S&P500 during the 2nd quarter valued at about $681,531,000. Robinson Value Management Ltd. purchased a new stake in shares of ProShares Ultra S&P500 in the 2nd quarter worth approximately $23,073,000. Atria Wealth Solutions Inc. boosted its stake in shares of ProShares Ultra S&P500 by 73.9% during the second quarter. Atria Wealth Solutions Inc. now owns 9,828 shares of the real estate investment trust’s stock valued at $962,000 after purchasing an additional 4,176 shares in the last quarter. Stephens Inc. AR bought a new position in shares of ProShares Ultra S&P500 during the second quarter valued at approximately $210,000. Finally, Strategic Blueprint LLC increased its holdings in ProShares Ultra S&P500 by 59.3% during the second quarter. Strategic Blueprint LLC now owns 15,781 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 5,875 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO traded down $1.83 during trading on Thursday, reaching $57.36. 5,131,948 shares of the company were exchanged, compared to its average volume of 4,489,142. The business’s fifty day simple moving average is $58.76 and its 200-day simple moving average is $56.25. ProShares Ultra S&P500 has a 12-month low of $30.42 and a 12-month high of $60.37. The firm has a market capitalization of $7.55 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.