ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.87 and traded as high as $68.82. ProShares Ultra S&P500 shares last traded at $68.72, with a volume of 2,336,629 shares traded.

ProShares Ultra S&P500 Stock Up 0.8%

The company has a 50 day moving average of $66.92 and a two-hundred day moving average of $60.87. The firm has a market cap of $8.23 billion, a P/E ratio of 24.25 and a beta of 2.01.

Institutional Trading of ProShares Ultra S&P500

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Howard Capital Management Inc. boosted its holdings in ProShares Ultra S&P500 by 100.0% during the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock worth $797,878,000 after buying an additional 6,887,760 shares in the last quarter. Main Street Group LTD grew its position in ProShares Ultra S&P500 by 101.6% in the fourth quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after buying an additional 608,334 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 in the first quarter valued at $41,524,000. Client First Investment Management LLC increased its holdings in shares of ProShares Ultra S&P500 by 493.5% in the fourth quarter. Client First Investment Management LLC now owns 540,061 shares of the real estate investment trust’s stock valued at $31,280,000 after buying an additional 449,066 shares in the last quarter. Finally, Pinkerton Wealth LLC lifted its position in shares of ProShares Ultra S&P500 by 118.6% during the 4th quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock valued at $39,243,000 after acquiring an additional 367,655 shares during the last quarter.

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.