ProShares Ultra S&P500 Stock Set to Split on Thursday, November 20th (NYSEARCA:SSO)

ProShares Ultra S&P500 (NYSEARCA:SSO)’s stock is scheduled to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, November 19th.

ProShares Ultra S&P500 Stock Performance

NYSEARCA:SSO opened at $112.83 on Friday. The firm has a market cap of $7.18 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a fifty-two week low of $60.84 and a fifty-two week high of $119.49. The firm has a 50-day simple moving average of $111.57 and a two-hundred day simple moving average of $100.37.

Hedge Funds Weigh In On ProShares Ultra S&P500

A number of hedge funds have recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at approximately $415,000. JPMorgan Chase & Co. raised its stake in shares of ProShares Ultra S&P500 by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 52,719 shares of the real estate investment trust’s stock worth $5,911,000 after purchasing an additional 10,403 shares during the last quarter. Main Street Group LTD lifted its holdings in shares of ProShares Ultra S&P500 by 3.1% during the third quarter. Main Street Group LTD now owns 598,699 shares of the real estate investment trust’s stock valued at $67,132,000 after purchasing an additional 17,929 shares in the last quarter. Horizon Wealth Management LLC purchased a new stake in shares of ProShares Ultra S&P500 during the third quarter valued at $218,000. Finally, Assetmark Inc. increased 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 in the last quarter.

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.