ProShares Ultra S&P500 (NYSEARCA:SSO – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 2,895,933 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 2,089,461 shares.The stock last traded at $90.68 and had previously closed at $93.42.
ProShares Ultra S&P500 Stock Down 3.6 %
The business’s fifty day simple moving average is $95.68 and its 200-day simple moving average is $89.31.
Institutional Investors Weigh In On ProShares Ultra S&P500
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC increased its stake in ProShares Ultra S&P500 by 123.2% in the second quarter. Axxcess Wealth Management LLC now owns 316,334 shares of the real estate investment trust’s stock worth $26,129,000 after purchasing an additional 174,634 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in ProShares Ultra S&P500 by 4,542.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock valued at $5,388,000 after purchasing an additional 58,467 shares during the last quarter. Plotkin Financial Advisors LLC acquired a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $4,384,000. Flow Traders U.S. LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter worth $3,688,000. Finally, Renaissance Technologies LLC purchased a new position in ProShares Ultra S&P500 during the 2nd quarter worth $2,759,000.
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.
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