ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) saw unusually-strong trading volume on Wednesday . Approximately 8,657,116 shares changed hands during mid-day trading, an increase of 219% from the previous session’s volume of 2,713,186 shares.The stock last traded at $89.09 and had previously closed at $88.43.

ProShares Ultra S&P500 Stock Up 2.1 %

The firm has a market capitalization of $5.55 billion, a P/E ratio of 26.71 and a beta of 2.04. The business’s 50 day moving average is $95.63 and its 200-day moving average is $92.95.

Hedge Funds Weigh In On ProShares Ultra S&P500

Several large investors have recently bought and sold shares of SSO. Bernard Wealth Management Corp. acquired a new position in shares of ProShares Ultra S&P500 in the fourth quarter worth approximately $532,000. Discipline Wealth Solutions LLC lifted its holdings in ProShares Ultra S&P500 by 128.6% in the fourth quarter. Discipline Wealth Solutions LLC now owns 21,201 shares of the real estate investment trust’s stock valued at $1,961,000 after buying an additional 11,926 shares during the period. Pinkerton Retirement Specialists LLC boosted its position in ProShares Ultra S&P500 by 5,312.9% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 142,358 shares of the real estate investment trust’s stock valued at $13,170,000 after acquiring an additional 139,728 shares during the last quarter. Main Street Group LTD grew its holdings in ProShares Ultra S&P500 by 4.4% during the 4th quarter. Main Street Group LTD now owns 539,510 shares of the real estate investment trust’s stock worth $49,910,000 after acquiring an additional 22,830 shares during the period. Finally, Global Assets Advisory LLC raised its position in shares of ProShares Ultra S&P500 by 11.1% in the 4th quarter. Global Assets Advisory LLC now owns 23,312 shares of the real estate investment trust’s stock worth $2,145,000 after acquiring an additional 2,329 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.