ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $87.92 and traded as high as $94.61. ProShares Ultra S&P500 shares last traded at $92.43, with a volume of 3,497,994 shares traded.

ProShares Ultra S&P500 Stock Performance

The business has a 50-day moving average price of $94.86 and a 200-day moving average price of $87.92.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SSO. Creative Planning increased its holdings 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 acquiring an additional 2,080 shares during the period. International Assets Investment Management LLC grew its stake in ProShares Ultra S&P500 by 8,917.0% in the third quarter. International Assets Investment Management LLC now owns 9,017 shares of the real estate investment trust’s stock valued at $813,000 after purchasing an additional 8,917 shares during the last quarter. Sanctuary Advisors LLC bought a new position in ProShares Ultra S&P500 in the second quarter worth about $691,000. MGO One Seven LLC lifted its position in shares of ProShares Ultra S&P500 by 181.0% during 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 buying an additional 10,689 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of ProShares Ultra S&P500 by 2.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 63,167 shares of the real estate investment trust’s stock valued at $5,218,000 after buying an additional 1,485 shares in the last quarter.

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.