ProShares Ultra S&P500 (NYSEARCA:SSO) Sets New 52-Week High – What’s Next?

ProShares Ultra S&P500 (NYSEARCA:SSO) hit a new 52-week high on Wednesday . The stock traded as high as $94.25 and last traded at $94.15, with a volume of 583387 shares. The stock had previously closed at $90.36.

ProShares Ultra S&P500 Trading Up 0.8 %

The stock has a 50 day moving average of $88.96 and a 200-day moving average of $83.45.

Institutional Trading of ProShares Ultra S&P500

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norden Group LLC purchased a new stake in ProShares Ultra S&P500 in the first quarter worth about $616,000. Wealthspire Advisors LLC bought a new position in shares of ProShares Ultra S&P500 during the first quarter valued at approximately $206,000. Headlands Technologies LLC increased its holdings in ProShares Ultra S&P500 by 169.0% during the first quarter. Headlands Technologies LLC now owns 5,291 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 3,324 shares during the period. Koshinski Asset Management Inc. raised its stake in ProShares Ultra S&P500 by 11.4% in the first quarter. Koshinski Asset Management Inc. now owns 20,898 shares of the real estate investment trust’s stock worth $1,620,000 after buying an additional 2,138 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in ProShares Ultra S&P500 by 12.5% during the 1st quarter. Blair William & Co. IL now owns 8,052 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 892 shares in the last quarter.

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.