ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Large Volume Increase – Here’s Why

ProShares Ultra S&P500 (NYSEARCA:SSO) shares saw an uptick in trading volume on Friday . 2,895,933 shares changed 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 Performance

The company has a 50 day moving average price of $95.68 and a two-hundred day moving average price of $89.31.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of hedge funds have recently modified their holdings of SSO. Axxcess Wealth Management LLC boosted its stake in ProShares Ultra S&P500 by 0.3% during the third quarter. Axxcess Wealth Management LLC now owns 317,197 shares of the real estate investment trust’s stock worth $28,602,000 after buying an additional 863 shares during the last quarter. Ridgepath Capital Management LLC raised its stake in ProShares Ultra S&P500 by 3.1% during the third quarter. Ridgepath Capital Management LLC now owns 312,827 shares of the real estate investment trust’s stock worth $28,208,000 after purchasing an additional 9,316 shares during the period. Ascent Group LLC boosted its holdings in ProShares Ultra S&P500 by 7.7% in the 2nd quarter. Ascent Group LLC now owns 83,610 shares of the real estate investment trust’s stock valued at $6,906,000 after purchasing an additional 5,972 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of ProShares Ultra S&P500 by 4,542.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock worth $5,388,000 after buying an additional 58,467 shares during the last quarter. Finally, Plotkin Financial Advisors LLC purchased a new stake in shares of ProShares Ultra S&P500 during the 3rd quarter valued at approximately $4,384,000.

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.