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

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

ProShares Ultra S&P500 Trading Up 5.0 %

The business has a fifty day simple moving average of $88.56 and a 200-day simple moving average of $83.28.

Institutional Investors Weigh In On ProShares Ultra S&P500

Several hedge funds have recently added to or reduced their stakes in SSO. Norden Group LLC purchased a new position in shares of ProShares Ultra S&P500 during the 1st quarter worth approximately $616,000. Whittier Trust Co. purchased a new position in shares of ProShares Ultra S&P500 during the first quarter valued at about $60,000. Wealthspire Advisors LLC bought a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $206,000. Headlands Technologies LLC lifted its stake in ProShares Ultra S&P500 by 169.0% in the first quarter. Headlands Technologies LLC now owns 5,291 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 3,324 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted 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 purchasing an additional 2,138 shares during 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.