ProShares Ultra S&P500 (NYSEARCA:SSO) Sets New 1-Year High – What’s Next?

ProShares Ultra S&P500 (NYSEARCA:SSO) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $100.25 and last traded at $100.23, with a volume of 3822630 shares traded. The stock had previously closed at $99.72.

ProShares Ultra S&P500 Price Performance

The firm has a 50 day moving average of $96.10 and a two-hundred day moving average of $91.87.

Hedge Funds Weigh In On ProShares Ultra S&P500

Hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its position in ProShares Ultra S&P500 by 1.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 9,820 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 113 shares in the last quarter. Rollins Financial Advisors LLC raised its stake in shares of ProShares Ultra S&P500 by 1.0% in the fourth quarter. Rollins Financial Advisors LLC now owns 12,048 shares of the real estate investment trust’s stock worth $1,115,000 after purchasing an additional 115 shares during the last quarter. Mariner LLC lifted its holdings in shares of ProShares Ultra S&P500 by 1.1% during the fourth quarter. Mariner LLC now owns 15,172 shares of the real estate investment trust’s stock valued at $1,404,000 after purchasing an additional 161 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of ProShares Ultra S&P500 by 2.7% during the fourth quarter. CoreCap Advisors LLC now owns 9,193 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 239 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in ProShares Ultra S&P500 by 3.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,378 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 241 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.