Balboa Wealth Partners bought a new position in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,577 shares of the real estate investment trust’s stock, valued at approximately $516,000.
Several other hedge funds also recently modified their holdings of SSO. Altman Advisors Inc. acquired a new position in ProShares Ultra S&P500 during the third quarter worth $267,000. Kingsview Wealth Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 75.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,563 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 2,401 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $48,000. Townsquare Capital LLC raised its stake in shares of ProShares Ultra S&P500 by 19.6% in the 3rd quarter. Townsquare Capital LLC now owns 19,205 shares of the real estate investment trust’s stock valued at $1,732,000 after acquiring an additional 3,143 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Ultra S&P500 in the 3rd quarter worth approximately $3,688,000.
ProShares Ultra S&P500 Stock Down 2.7 %
Shares of ProShares Ultra S&P500 stock opened at $80.57 on Friday. ProShares Ultra S&P500 has a 12-month low of $68.75 and a 12-month high of $100.29. The stock has a 50 day moving average price of $94.52 and a two-hundred day moving average price of $92.88. The stock has a market capitalization of $4.43 billion, a P/E ratio of 22.99 and a beta of 2.06.
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.
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Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report).
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