Quantinno Capital Management LP Purchases New Position in ProShares Ultra S&P500 $SSO

Quantinno Capital Management LP purchased a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,373 shares of the real estate investment trust’s stock, valued at approximately $383,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. grew its position in shares of ProShares Ultra S&P500 by 101.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 44,558 shares of the real estate investment trust’s stock valued at $2,581,000 after buying an additional 22,443 shares during the last quarter. Aurora Private Wealth Inc. purchased a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $959,000. NBZ Investment Advisors LLC purchased a new stake in ProShares Ultra S&P500 in the fourth quarter valued at $15,740,000. Portfolio Design Labs LLC boosted its stake in ProShares Ultra S&P500 by 129.6% in the fourth quarter. Portfolio Design Labs LLC now owns 235,276 shares of the real estate investment trust’s stock valued at $13,627,000 after acquiring an additional 132,788 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in ProShares Ultra S&P500 by 220.3% in the fourth quarter. Corient Private Wealth LLC now owns 16,941 shares of the real estate investment trust’s stock valued at $981,000 after acquiring an additional 11,652 shares in the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of SSO stock opened at $70.15 on Friday. The stock’s 50-day moving average is $68.11 and its two-hundred day moving average is $62.91. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1 year low of $48.63 and a 1 year high of $72.80.

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.