Asset Management Group Inc. Raises Position in ProShares Ultra S&P500 $SSO

Asset Management Group Inc. boosted its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 94.1% during the fourth quarter, Holdings Channel reports. The firm owned 287,438 shares of the real estate investment trust’s stock after purchasing an additional 139,387 shares during the quarter. ProShares Ultra S&P500 comprises about 2.7% of Asset Management Group Inc.’s holdings, making the stock its 10th biggest position. Asset Management Group Inc.’s holdings in ProShares Ultra S&P500 were worth $16,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CPR Investments Inc. boosted its stake in shares of ProShares Ultra S&P500 by 285.8% during the 4th quarter. CPR Investments Inc. now owns 15,351 shares of the real estate investment trust’s stock worth $891,000 after acquiring an additional 11,372 shares during the last quarter. Berger Financial Group Inc boosted its stake in shares of ProShares Ultra S&P500 by 98.6% during the 4th quarter. Berger Financial Group Inc now owns 22,730 shares of the real estate investment trust’s stock worth $1,317,000 after acquiring an additional 11,286 shares during the last quarter. Global View Capital Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 329.8% during the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock worth $26,962,000 after acquiring an additional 357,202 shares during the last quarter. Arta Finance Wealth Management LLC purchased a new position in shares of ProShares Ultra S&P500 during the 4th quarter worth $8,491,000. Finally, Marshall Financial Group LLC boosted its stake in shares of ProShares Ultra S&P500 by 64.1% during the 4th quarter. Marshall Financial Group LLC now owns 104,822 shares of the real estate investment trust’s stock worth $6,071,000 after acquiring an additional 40,962 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $68.04 on Wednesday. The company’s fifty day simple moving average is $64.20 and its 200-day simple moving average is $59.76. The stock has a market capitalization of $7.86 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1-year low of $44.99 and a 1-year high of $70.13.

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.