Valeo Financial Advisors LLC Makes New $1.97 Million Investment in ProShares Ultra S&P500 $SSO

Valeo Financial Advisors LLC bought a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 20,132 shares of the real estate investment trust’s stock, valued at approximately $1,967,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSO. Wealth Enhancement Advisory Services LLC lifted its holdings in ProShares Ultra S&P500 by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,888 shares of the real estate investment trust’s stock worth $822,000 after buying an additional 150 shares during the period. Farther Finance Advisors LLC lifted its holdings in ProShares Ultra S&P500 by 28.9% during the 1st quarter. Farther Finance Advisors LLC now owns 11,499 shares of the real estate investment trust’s stock worth $958,000 after buying an additional 2,581 shares during the period. Harbor Capital Advisors Inc. acquired a new position in ProShares Ultra S&P500 during the 1st quarter worth about $7,848,000. Marshall Financial Group LLC lifted its holdings in ProShares Ultra S&P500 by 1,650.1% during the 1st quarter. Marshall Financial Group LLC now owns 173,420 shares of the real estate investment trust’s stock worth $14,356,000 after buying an additional 163,511 shares during the period. Finally, Everhart Financial Group Inc. acquired a new position in ProShares Ultra S&P500 during the 1st quarter worth about $305,000.

ProShares Ultra S&P500 Trading Up 0.7%

Shares of SSO opened at $113.87 on Tuesday. The company has a market capitalization of $7.83 billion, a PE ratio of 24.25 and a beta of 2.03. ProShares Ultra S&P500 has a 12 month low of $60.84 and a 12 month high of $114.26. The stock’s 50-day moving average price is $106.66 and its two-hundred day moving average price is $94.23.

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.