ProShares Ultra S&P500 $SSO is Global View Capital Management LLC’s 6th Largest Position

Global View Capital Management LLC lifted its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 329.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,496 shares of the real estate investment trust’s stock after buying an additional 357,202 shares during the quarter. ProShares Ultra S&P500 makes up approximately 5.0% of Global View Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Global View Capital Management LLC’s holdings in ProShares Ultra S&P500 were worth $26,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. First Heartland Consultants Inc. grew its stake in ProShares Ultra S&P500 by 7.8% in the 3rd quarter. First Heartland Consultants Inc. now owns 2,248 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 163 shares during the period. Tudor Investment Corp ET AL raised its position in ProShares Ultra S&P500 by 4.6% during the third quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 200 shares during the period. Harvest Investment Services LLC raised its position in ProShares Ultra S&P500 by 3.6% during the third quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock worth $885,000 after acquiring an additional 271 shares during the period. Beacon Capital Management Inc. purchased a new position in ProShares Ultra S&P500 during the second quarter valued at $27,000. Finally, Bank of America Corp DE lifted its holdings in ProShares Ultra S&P500 by 1.3% during the third quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock valued at $2,532,000 after purchasing an additional 300 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA SSO opened at $49.38 on Monday. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The company’s 50-day simple moving average is $56.98 and its 200-day simple moving average is $57.14. ProShares Ultra S&P500 has a 52-week low of $30.42 and a 52-week high of $60.37.

ProShares Ultra S&P500 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $0.1138 dividend. This represents a $0.46 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, March 25th.

ProShares Ultra S&P500 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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.