Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $64.61 and traded as low as $63.43. ProShares Ultra S&P500 shares last traded at $63.51, with a volume of 9,540,796 shares.
ProShares Ultra S&P500 Price Performance
The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The firm has a 50 day moving average price of $69.95 and a 200-day moving average price of $64.61.
Institutional Trading of ProShares Ultra S&P500
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth $482,000. True Freedom Investing LLC acquired a new position in ProShares Ultra S&P500 in the third quarter valued at about $3,469,000. Ridgepath Capital Management LLC lifted its stake in ProShares Ultra S&P500 by 4.1% in the first quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock valued at $19,201,000 after buying an additional 14,667 shares during the period. Three Seasons Wealth LLC bought a new position in ProShares Ultra S&P500 during the second quarter worth about $8,126,000. Finally, Kennicott Capital Management LLC bought a new position in ProShares Ultra S&P500 during the third quarter worth about $515,000.
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.
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