Milestone Asset Management LLC Decreases Position in ProShares Ultra S&P500 $SSO

Milestone Asset Management LLC lessened its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 83.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,265 shares of the real estate investment trust’s stock after selling 27,158 shares during the period. Milestone Asset Management LLC’s holdings in ProShares Ultra S&P500 were worth $305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in ProShares Ultra S&P500 in the 3rd quarter worth $37,000. Park Square Financial Group LLC purchased a new position in ProShares Ultra S&P500 in the 3rd quarter worth $47,000. Winnow Wealth LLC purchased a new position in ProShares Ultra S&P500 in the 3rd quarter worth $69,000. Sunbelt Securities Inc. raised its stake in ProShares Ultra S&P500 by 153.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 704 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 426 shares during the last quarter. Finally, Financial Life Planners purchased a new position in ProShares Ultra S&P500 in the 3rd quarter worth $82,000.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock opened at $61.31 on Friday. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 24.25 and a beta of 2.00. The business has a fifty day moving average of $56.16 and a 200 day moving average of $57.27. ProShares Ultra S&P500 has a 1 year low of $37.08 and a 1 year high of $62.02.

ProShares Ultra S&P500 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.