Meritage Portfolio Management Takes $212,000 Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Meritage Portfolio Management bought a new stake in ProShares Ultra S&P500 (NYSEARCA:SSO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,348 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of ProShares Ultra S&P500 by 6.7% in the 3rd quarter. Creative Planning now owns 33,321 shares of the real estate investment trust’s stock valued at $3,005,000 after purchasing an additional 2,080 shares in the last quarter. International Assets Investment Management LLC grew its stake in ProShares Ultra S&P500 by 8,917.0% during 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 buying an additional 8,917 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in ProShares Ultra S&P500 during the second quarter worth about $691,000. Blair William & Co. IL increased its holdings in shares of ProShares Ultra S&P500 by 12.5% during the first quarter. Blair William & Co. IL now owns 8,052 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 892 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in shares of 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 valued at $1,371,000 after acquiring an additional 10,689 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

SSO opened at $97.24 on Tuesday. ProShares Ultra S&P500 has a 1-year low of $55.56 and a 1-year high of $97.70. The firm has a 50-day moving average price of $89.36 and a two-hundred day moving average price of $83.98.

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.