Dale Q Rice Investment Management Ltd lessened its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 50.0% in the second quarter, Holdings Channel.com reports. The fund owned 2,341 shares of the real estate investment trust’s stock after selling 2,341 shares during the quarter. Dale Q Rice Investment Management Ltd’s holdings in ProShares Ultra S&P500 were worth $233,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new stake in shares of ProShares Ultra S&P500 during the 1st quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at $159,000. Crossingbridge Advisors LLC purchased a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at $166,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of ProShares Ultra S&P500 in the second quarter valued at $200,000. Finally, Cadent Capital Advisors LLC purchased a new stake in shares of ProShares Ultra S&P500 in the second quarter valued at $215,000.
ProShares Ultra S&P500 Stock Up 1.1%
SSO opened at $111.07 on Friday. The stock has a fifty day moving average of $108.44 and a 200-day moving average of $95.75. The firm has a market capitalization of $7.64 billion, a P/E 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 $114.61.
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.
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Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report).
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