Founders Financial Securities LLC Acquires 19,202 Shares of ProShares Ultra S&P500 $SSO

Founders Financial Securities LLC acquired a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,202 shares of the real estate investment trust’s stock, valued at approximately $1,331,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSO. Root Financial Partners LLC acquired a new stake in shares of ProShares Ultra S&P500 during the third quarter worth about $30,000. Western Wealth Management LLC acquired a new position in ProShares Ultra S&P500 during the first quarter worth approximately $37,000. SBI Securities Co. Ltd. increased its position in ProShares Ultra S&P500 by 217.0% during the third quarter. SBI Securities Co. Ltd. now owns 932 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 638 shares during the period. Bogart Wealth LLC purchased a new stake in ProShares Ultra S&P500 in the first quarter valued at approximately $55,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in ProShares Ultra S&P500 in the second quarter valued at approximately $126,000.

ProShares Ultra S&P500 News Roundup

Here are the key news stories impacting ProShares Ultra S&P500 this week:

• Positive Sentiment: S&P 500 earnings growth remains a constructive long-term factor. FactSet’s blended third-quarter earnings growth estimate reached 29.5%, marking only the third period since 2009 in which earnings grew more than 25% for three consecutive quarters. S&P 500 earnings growth article
• Positive Sentiment: Historical data offers support for long-term S&P 500 investors: none of the 681 completed 20-year periods since 1950 produced a loss, with even the weakest period generating a positive return. This may help limit longer-term concern around SSO’s underlying index, although it is less relevant to the ETF’s daily leveraged results. S&P 500 long-term history article
• Neutral Sentiment: Commentary highlighting Warren Buffett’s preference for low-cost S&P 500 index funds and the index’s strong historical returns reinforces the long-term investment case, but does not provide a near-term catalyst for a leveraged ETF. Warren Buffett S&P 500 article
• Negative Sentiment: The S&P 500 posted a third consecutive weekly decline, losing nearly 0.57% for the week as technology stocks sold off. The weakness is particularly negative for SSO because its leverage magnifies daily index moves. S&P 500 three-week decline article
• Negative Sentiment: Concerns about the scale and payoff of artificial-intelligence spending are weighing on technology shares, putting key S&P 500 support near 7,500 at risk. A break below that level could increase selling pressure on SSO. S&P 500 AI spending fears article
• Negative Sentiment: Alphabet’s share-price drop ended a three-day S&P 500 advance, while the CNN Fear and Greed Index remained in the “Fear” zone, signaling cautious investor sentiment. S&P 500 Fear and Greed article

ProShares Ultra S&P500 Trading Down 3.6%

SSO stock opened at $67.67 on Friday. The company has a market capitalization of $8.45 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $72.80. The business has a 50 day simple moving average of $70.20 and a 200-day simple moving average of $64.47.

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.