ProShares Ultra S&P500 $SSO Stake Cut by Main Street Group LTD

Main Street Group LTD cut its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 3.6% during the first quarter, HoldingsChannel reports. The firm owned 1,163,035 shares of the real estate investment trust’s stock after selling 43,998 shares during the period. ProShares Ultra S&P500 comprises about 17.7% of Main Street Group LTD’s investment portfolio, making the stock its 2nd biggest holding. Main Street Group LTD’s holdings in ProShares Ultra S&P500 were worth $60,338,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. boosted its stake in shares of ProShares Ultra S&P500 by 100.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 630 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 315 shares during the period. Tucker Asset Management LLC acquired a new position in ProShares Ultra S&P500 in the 4th quarter valued at about $49,000. Corsicana & Co. increased its position in ProShares Ultra S&P500 by 100.0% in the 4th quarter. Corsicana & Co. now owns 920 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 460 shares during the period. Bogart Wealth LLC acquired a new position in ProShares Ultra S&P500 in the 1st quarter valued at about $55,000. Finally, Abound Wealth Management raised its stake in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Abound Wealth Management now owns 1,066 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 533 shares during the last quarter.

ProShares Ultra S&P500 Trading Down 1.0%

ProShares Ultra S&P500 stock opened at $67.95 on Friday. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $70.13. The stock has a 50 day moving average of $67.22 and a two-hundred day moving average of $61.13. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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.