TTP Investments Inc. Grows Stock Position in ProShares Ultra S&P500 $SSO

TTP Investments Inc. increased its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 50.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 618,759 shares of the real estate investment trust’s stock after purchasing an additional 207,045 shares during the period. ProShares Ultra S&P500 accounts for 11.7% of TTP Investments Inc.’s investment portfolio, making the stock its 3rd largest position. TTP Investments Inc. owned about 0.45% of ProShares Ultra S&P500 worth $35,839,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in SSO. Global Retirement Partners LLC bought a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $37,000. Park Square Financial Group LLC bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $47,000. Corsicana & Co. grew its position in shares of ProShares Ultra S&P500 by 100.0% during the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 460 shares in the last quarter. Abound Wealth Management increased its holdings in shares of ProShares Ultra S&P500 by 100.0% in the fourth quarter. Abound Wealth Management now owns 1,066 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 533 shares during the period. Finally, Winnow Wealth LLC purchased a new stake in shares of ProShares Ultra S&P500 in the third quarter worth $69,000.

ProShares Ultra S&P500 Stock Up 1.5%

ProShares Ultra S&P500 stock opened at $61.47 on Thursday. The business has a 50-day simple moving average of $56.08 and a 200 day simple moving average of $57.24. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 24.25 and a beta of 2.00. ProShares Ultra S&P500 has a 52 week low of $36.88 and a 52 week 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.