ProShares Ultra S&P500 $SSO Shares Purchased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. boosted its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 100.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,052 shares of the real estate investment trust’s stock after acquiring an additional 18,026 shares during the period. Sovereign Financial Group Inc.’s holdings in ProShares Ultra S&P500 were worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Beacon Capital Management Inc. acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of ProShares Ultra S&P500 in the second quarter valued at $31,000. Global Retirement Partners LLC acquired a new position in ProShares Ultra S&P500 in the third quarter valued at $37,000. Park Square Financial Group LLC acquired a new position in ProShares Ultra S&P500 in the third quarter valued at $47,000. Finally, Corsicana & Co. purchased a new position in ProShares Ultra S&P500 during the third quarter worth about $52,000.

ProShares Ultra S&P500 Trading Down 2.9%

Shares of NYSEARCA:SSO opened at $51.86 on Friday. The stock’s 50-day moving average price is $57.76 and its two-hundred day moving average price is $57.15. ProShares Ultra S&P500 has a 12-month low of $30.42 and a 12-month high of $60.37. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.