ProShares Ultra S&P500 $SSO Stake Lifted by Professional Financial Advisors LLC

Professional Financial Advisors LLC lifted its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 101.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 53,325 shares of the real estate investment trust’s stock after purchasing an additional 26,891 shares during the period. ProShares Ultra S&P500 accounts for about 0.6% of Professional Financial Advisors LLC’s holdings, making the stock its 26th biggest holding. Professional Financial Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $3,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management lifted its position in ProShares Ultra S&P500 by 165.5% in the fourth quarter. Brookstone Capital Management now owns 260,435 shares of the real estate investment trust’s stock worth $15,084,000 after purchasing an additional 162,340 shares during the period. Bernard Wealth Management Corp. increased its position in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Bernard Wealth Management Corp. now owns 10,652 shares of the real estate investment trust’s stock valued at $617,000 after purchasing an additional 5,326 shares during the period. Global View Capital Management LLC increased its position in shares of ProShares Ultra S&P500 by 329.8% during the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after purchasing an additional 357,202 shares during the period. Donaldson Capital Management LLC raised its stake in shares of ProShares Ultra S&P500 by 100.7% in the 4th quarter. Donaldson Capital Management LLC now owns 24,080 shares of the real estate investment trust’s stock worth $1,395,000 after buying an additional 12,080 shares in the last quarter. Finally, Spire Wealth Management raised its stake in shares of ProShares Ultra S&P500 by 116.3% in the 4th quarter. Spire Wealth Management now owns 370,353 shares of the real estate investment trust’s stock worth $21,451,000 after buying an additional 199,144 shares in the last quarter.

More ProShares Ultra S&P500 News

Here are the key news stories impacting ProShares Ultra S&P500 this week:

• Positive Sentiment: Short-term risk-on after comments suggesting a path to end the Iran war lifted S&P futures, creating an intraday bounce for index ETFs and leveraged long funds like SSO. Stock Market Today: S&P 500, Dow Futures Jump As Trump Hints At Ending Iran War
• Positive Sentiment: Additional headlines that discuss attempts at de-escalation in the Middle East supported futures and short-term buying interest across U.S. indices, which benefits SSO on any rebound. NASDAQ, Dow Jones and S&P 500 Forecasts – US Indices Trying to Recover on Monday
• Neutral Sentiment: Barron’s piece on REIT yields notes sector rotation possibilities as income products look attractive vs. Treasuries; could divert some flows away from broad-index ETFs like SSO but is not directly negative for the S&P index itself. REITs Are the S&P 500’s Highest Yielding Sector
• Neutral Sentiment: Technical analyses and delta-hedge selling questions add uncertainty to intraday price action for the S&P; that can increase volatility in leveraged ETFs like SSO without signaling a clear directional catalyst. S&P 500 Levels to Watch Amid Dow, Nasdaq Correction
• Negative Sentiment: Major downside pressure: the S&P 500 is closing the quarter as its worst since 2022 amid inflation/rate worries and Iran-related uncertainty — a clear headwind for SSO, which magnifies index declines. S&P 500 heads for worst quarter since 2022
• Negative Sentiment: Analysts warning the S&P could fall further into correction territory (e.g., a projected drop to 6,150) raises downside risk — amplified for SSO because of its 2x leverage. S&P 500 could fall to 6,150
• Negative Sentiment: Rising oil (above $100) and fading hopes for a quick end to the Iran conflict lift recession/inflation fears that can depress the S&P 500 and put additional downward pressure on SSO. S&P 500 Falters and Oil Rises After Hopes Fade for a Quick End to Iran Conflict
• Negative Sentiment: Debate over “buy the dip” vs. further downside keeps positioning cautious—this uncertainty tends to suppress sustained inflows into leveraged long ETFs like SSO. S&P 500 Nears Correction Territory. Wall Street Debates Buying the Dip.

ProShares Ultra S&P500 Stock Down 0.6%

Shares of ProShares Ultra S&P500 stock opened at $49.06 on Tuesday. The business has a fifty day simple moving average of $56.77 and a 200-day simple moving average of $57.10. ProShares Ultra S&P500 has a fifty-two week low of $30.42 and a fifty-two week high of $60.37. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a $0.1138 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.46 annualized dividend and a yield of 0.9%.

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.