Prosperity Wealth Management Inc. Trims Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Prosperity Wealth Management Inc. lessened its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 72.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,538 shares of the real estate investment trust’s stock after selling 127,682 shares during the quarter. ProShares Ultra S&P500 accounts for 1.8% of Prosperity Wealth Management Inc.’s portfolio, making the stock its 11th biggest holding. Prosperity Wealth Management Inc. owned 0.08% of ProShares Ultra S&P500 worth $4,398,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Client First Investment Management LLC increased its position in ProShares Ultra S&P500 by 15.9% in the fourth quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock worth $35,895,000 after buying an additional 53,310 shares in the last quarter. Ridgepath Capital Management LLC increased its position in ProShares Ultra S&P500 by 0.8% in the fourth quarter. Ridgepath Capital Management LLC now owns 315,299 shares of the real estate investment trust’s stock worth $29,168,000 after buying an additional 2,472 shares in the last quarter. Spire Wealth Management increased its position in ProShares Ultra S&P500 by 6.2% in the fourth quarter. Spire Wealth Management now owns 123,134 shares of the real estate investment trust’s stock worth $11,391,000 after buying an additional 7,139 shares in the last quarter. Global View Capital Management LLC purchased a new stake in ProShares Ultra S&P500 in the fourth quarter worth about $10,406,000. Finally, IMC Chicago LLC bought a new position in shares of ProShares Ultra S&P500 in the fourth quarter worth about $9,793,000.

ProShares Ultra S&P500 Stock Down 1.7 %

NYSEARCA SSO opened at $81.96 on Wednesday. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 26.71 and a beta of 2.04. The business has a 50-day moving average price of $94.72 and a 200-day moving average price of $92.95. ProShares Ultra S&P500 has a twelve month low of $68.75 and a twelve month high of $100.29.

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.