44,435 Shares in ProShares Ultra S&P500 $SSO Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 44,435 shares of the real estate investment trust’s stock, valued at approximately $3,081,000.

A number of other hedge funds have also added to or reduced their stakes in SSO. Cypress Capital LLC acquired a new stake in ProShares Ultra S&P500 in the 3rd quarter valued at $1,370,000. Genesee Capital Advisors LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter worth about $2,221,000. Secure Asset Management LLC acquired a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth about $1,495,000. Encompass More Asset Management boosted its stake in shares of ProShares Ultra S&P500 by 658.2% during the 3rd quarter. Encompass More Asset Management now owns 77,994 shares of the real estate investment trust’s stock worth $5,407,000 after buying an additional 67,707 shares during the last quarter. Finally, Howard Capital Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 5.0% during the 3rd quarter. Howard Capital Management LLC now owns 12,781,294 shares of the real estate investment trust’s stock worth $886,127,000 after buying an additional 610,680 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA SSO opened at $71.00 on Thursday. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The business has a 50-day moving average of $70.43 and a 200-day moving average of $67.30. ProShares Ultra S&P500 has a fifty-two week low of $48.63 and a fifty-two week high of $72.80.

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.