ProShares Ultra S&P500 (NYSEARCA:SSO) Reaches New 52-Week High – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $93.56 and last traded at $93.56, with a volume of 106790 shares. The stock had previously closed at $92.49.

ProShares Ultra S&P500 Price Performance

The business’s fifty day moving average price is $87.02 and its 200 day moving average price is $81.73.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of institutional investors and hedge funds have recently made changes to their positions in SSO. Axxcess Wealth Management LLC raised its stake in shares of ProShares Ultra S&P500 by 123.2% during the second quarter. Axxcess Wealth Management LLC now owns 316,334 shares of the real estate investment trust’s stock worth $26,129,000 after purchasing an additional 174,634 shares during the last quarter. Foundations Investment Advisors LLC raised its position in ProShares Ultra S&P500 by 1,071.1% during the 2nd quarter. Foundations Investment Advisors LLC now owns 118,477 shares of the real estate investment trust’s stock worth $9,786,000 after buying an additional 108,360 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in shares of ProShares Ultra S&P500 by 148.7% in the 2nd quarter. Aveo Capital Partners LLC now owns 147,565 shares of the real estate investment trust’s stock worth $12,189,000 after acquiring an additional 88,222 shares during the period. Ascent Group LLC boosted its holdings in shares of ProShares Ultra S&P500 by 1,605.6% in the first quarter. Ascent Group LLC now owns 77,638 shares of the real estate investment trust’s stock valued at $6,018,000 after acquiring an additional 73,086 shares in the last quarter. Finally, Tactive Advisors LLC increased its stake in shares of ProShares Ultra S&P500 by 92.7% during the first quarter. Tactive Advisors LLC now owns 138,715 shares of the real estate investment trust’s stock worth $10,753,000 after acquiring an additional 66,715 shares during the period.

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.