ProShares Ultra S&P500 (NYSEARCA:SSO) Stock Holdings Increased by Main Street Group LTD

Main Street Group LTD raised its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 497,464 shares of the real estate investment trust’s stock after buying an additional 6,110 shares during the period. ProShares Ultra S&P500 makes up approximately 17.2% of Main Street Group LTD’s holdings, making the stock its 2nd largest holding. Main Street Group LTD’s holdings in ProShares Ultra S&P500 were worth $41,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Founders Financial Securities LLC increased its stake in ProShares Ultra S&P500 by 6.5% in the 1st quarter. Founders Financial Securities LLC now owns 4,130 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 251 shares in the last quarter. Galvin Gaustad & Stein LLC grew its holdings in ProShares Ultra S&P500 by 4.6% in the second quarter. Galvin Gaustad & Stein LLC now owns 6,900 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 305 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of ProShares Ultra S&P500 by 19.9% in the second quarter. Commonwealth Equity Services LLC now owns 3,248 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 539 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of ProShares Ultra S&P500 during the 1st quarter worth $60,000. Finally, CWM LLC boosted its position in shares of ProShares Ultra S&P500 by 964.2% in the 2nd quarter. CWM LLC now owns 862 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 781 shares in the last quarter.

ProShares Ultra S&P500 Stock Performance

NYSEARCA:SSO traded down $2.79 during mid-day trading on Friday, hitting $79.98. 4,266,219 shares of the company’s stock traded hands, compared to its average volume of 3,280,675. The firm’s 50 day simple moving average is $83.51 and its 200 day simple moving average is $78.81. ProShares Ultra S&P500 has a 1 year low of $48.59 and a 1 year high of $88.82.

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.