ProShares Ultra S&P500 (NYSEARCA:SSO) Hits New 52-Week High at $84.48

ProShares Ultra S&P500 (NYSEARCA:SSO) reached a new 52-week high on Friday . The company traded as high as $84.48 and last traded at $84.28, with a volume of 654613 shares changing hands. The stock had previously closed at $83.32.

ProShares Ultra S&P500 Stock Down 0.9 %

The business has a 50 day moving average price of $77.93 and a two-hundred day moving average price of $73.00.

Institutional Investors Weigh In On ProShares Ultra S&P500

Hedge funds and other institutional investors have recently modified their holdings of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in ProShares Ultra S&P500 during the 4th quarter valued at about $3,740,000. Brookstone Capital Management grew its holdings in shares of ProShares Ultra S&P500 by 10.4% during the 4th quarter. Brookstone Capital Management now owns 278,670 shares of the real estate investment trust’s stock worth $18,133,000 after acquiring an additional 26,196 shares during the period. Spire Wealth Management grew its holdings in shares of ProShares Ultra S&P500 by 1.9% during the 4th quarter. Spire Wealth Management now owns 75,620 shares of the real estate investment trust’s stock worth $5,043,000 after acquiring an additional 1,401 shares during the period. Arlington Capital Management Inc. purchased a new position in shares of ProShares Ultra S&P500 during the 4th quarter worth approximately $2,262,000. Finally, Paradigm Financial Partners LLC grew its holdings in shares of ProShares Ultra S&P500 by 97.8% during the 4th quarter. Paradigm Financial Partners LLC now owns 8,579 shares of the real estate investment trust’s stock worth $558,000 after acquiring an additional 4,241 shares during the period.

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.