Client First Investment Management LLC Has $36.69 Million Stock Holdings in ProShares Ultra S&P500 $SSO

Client First Investment Management LLC increased its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 361.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 544,551 shares of the real estate investment trust’s stock after buying an additional 426,494 shares during the quarter. ProShares Ultra S&P500 makes up about 15.5% of Client First Investment Management LLC’s portfolio, making the stock its 2nd largest position. Client First Investment Management LLC’s holdings in ProShares Ultra S&P500 were worth $36,692,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Tudor Investment Corp ET AL boosted its stake in ProShares Ultra S&P500 by 4.6% in the third quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 200 shares during the last quarter. World Equity Group Inc. raised its holdings in shares of ProShares Ultra S&P500 by 5.8% in the 1st quarter. World Equity Group Inc. now owns 4,712 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 258 shares during the period. Harvest Investment Services LLC raised its holdings in shares of ProShares Ultra S&P500 by 3.6% in the 3rd quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 271 shares during the period. Bank of America Corp DE raised its holdings in shares of ProShares Ultra S&P500 by 1.3% in the 3rd quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock worth $2,532,000 after purchasing an additional 300 shares during the period. Finally, Evolution Wealth Management Inc. lifted its stake in ProShares Ultra S&P500 by 100.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 315 shares during the last quarter.

ProShares Ultra S&P500 Trading Up 1.1%

ProShares Ultra S&P500 stock opened at $71.68 on Friday. The business’s 50 day simple moving average is $67.32 and its 200 day simple moving average is $62.07. ProShares Ultra S&P500 has a 12 month low of $48.63 and a 12 month high of $72.42. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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.