ProShares Ultra S&P500 (NYSEARCA:SSO) Hits New 52-Week High – Here’s What Happened

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) reached a new 52-week high on Monday . The stock traded as high as $98.45 and last traded at $98.17, with a volume of 284877 shares trading hands. The stock had previously closed at $98.07.

ProShares Ultra S&P500 Stock Up 0.4 %

The firm has a fifty day moving average of $92.46 and a two-hundred day moving average of $86.10.

Hedge Funds Weigh In On ProShares Ultra S&P500

Large investors have recently added to or reduced their stakes in the company. Creative Planning raised its holdings in ProShares Ultra S&P500 by 6.7% in the third quarter. Creative Planning now owns 33,321 shares of the real estate investment trust’s stock worth $3,005,000 after purchasing an additional 2,080 shares in the last quarter. International Assets Investment Management LLC raised its holdings in ProShares Ultra S&P500 by 8,917.0% in the third quarter. International Assets Investment Management LLC now owns 9,017 shares of the real estate investment trust’s stock worth $813,000 after purchasing an additional 8,917 shares in the last quarter. Sanctuary Advisors LLC bought a new position in ProShares Ultra S&P500 in the second quarter worth about $691,000. MGO One Seven LLC raised its holdings in ProShares Ultra S&P500 by 181.0% in the second quarter. MGO One Seven LLC now owns 16,595 shares of the real estate investment trust’s stock worth $1,371,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in ProShares Ultra S&P500 by 2.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 63,167 shares of the real estate investment trust’s stock worth $5,218,000 after purchasing an additional 1,485 shares in 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.