ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Up 173.4% in February

ProShares Ultra S&P500 (NYSEARCA:SSO) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,150,534 shares, an increase of 173.4% from the January 29th total of 786,547 shares. Based on an average daily volume of 5,469,534 shares, the short-interest ratio is presently 0.4 days. Currently, 1.6% of the shares of the company are sold short. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 5,469,534 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra S&P500 Stock Down 1.1%

ProShares Ultra S&P500 stock traded down $0.65 during trading on Thursday, hitting $58.57. The stock had a trading volume of 3,057,256 shares, compared to its average volume of 4,487,533. The stock’s 50 day moving average is $58.76 and its two-hundred day moving average is $56.74. ProShares Ultra S&P500 has a 1 year low of $30.42 and a 1 year high of $60.37. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSO. Howard Capital Management Inc. boosted its position in ProShares Ultra S&P500 by 100.0% during the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock worth $797,878,000 after purchasing an additional 6,887,760 shares during the period. Assetmark Inc. boosted its holdings in ProShares Ultra S&P500 by 110,080.6% in the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock worth $743,991,000 after buying an additional 6,629,056 shares during the period. Main Street Group LTD boosted its holdings in ProShares Ultra S&P500 by 101.6% in the 4th quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after buying an additional 608,334 shares during the period. Goldman Sachs Group Inc. purchased a new position in ProShares Ultra S&P500 in the 1st quarter valued at approximately $41,524,000. Finally, Client First Investment Management LLC raised its holdings in ProShares Ultra S&P500 by 493.5% during the 4th quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock valued at $31,280,000 after acquiring an additional 449,066 shares during the period.

ProShares Ultra S&P500 Company Profile

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.