Cypress Capital LLC Purchases 19,763 Shares of ProShares Ultra S&P500 $SSO

Cypress Capital LLC purchased a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,763 shares of the real estate investment trust’s stock, valued at approximately $1,370,000.

Several other institutional investors also recently modified their holdings of SSO. Genesee Capital Advisors LLC bought a new position in ProShares Ultra S&P500 during the 3rd quarter worth $2,221,000. Secure Asset Management LLC acquired a new position in ProShares Ultra S&P500 during the 3rd quarter worth about $1,495,000. Encompass More Asset Management lifted its holdings in ProShares Ultra S&P500 by 658.2% during the 3rd quarter. Encompass More Asset Management now owns 77,994 shares of the real estate investment trust’s stock worth $5,407,000 after buying an additional 67,707 shares during the period. Howard Capital Management LLC grew its position in shares of ProShares Ultra S&P500 by 5.0% in the 3rd quarter. Howard Capital Management LLC now owns 12,781,294 shares of the real estate investment trust’s stock valued at $886,127,000 after buying an additional 610,680 shares during the last quarter. Finally, Kennicott Capital Management LLC bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at about $515,000.

ProShares Ultra S&P500 Stock Performance

Shares of SSO traded up $0.40 during mid-day trading on Tuesday, reaching $70.23. 5,593,791 shares of the company were exchanged, compared to its average volume of 3,903,075. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $72.80. The stock has a market capitalization of $8.99 billion, a PE ratio of 24.25 and a beta of 2.01. The business has a 50 day simple moving average of $70.46 and a two-hundred day simple moving average of $67.04.

About ProShares Ultra S&P500

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.