Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $70.24 and traded as high as $70.55. ProShares Ultra S&P500 shares last traded at $70.28, with a volume of 2,019,517 shares.
ProShares Ultra S&P500 Stock Performance
The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The stock’s fifty day moving average is $70.24 and its two-hundred day moving average is $64.32.
Institutional Investors Weigh In On ProShares Ultra S&P500
Large investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $30,000. Western Wealth Management LLC acquired a new stake in ProShares Ultra S&P500 in the 1st quarter valued at about $37,000. SBI Securities Co. Ltd. lifted its stake 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 purchasing an additional 638 shares during the last quarter. Bogart Wealth LLC bought a new stake in shares of ProShares Ultra S&P500 during the 1st quarter worth $55,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at $126,000.
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.
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