Brookstone Capital Management cut its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 12.1% in the first quarter, Holdings Channel reports. The institutional investor owned 245,080 shares of the real estate investment trust’s stock after selling 33,590 shares during the period. Brookstone Capital Management’s holdings in ProShares Ultra S&P500 were worth $18,999,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in shares of ProShares Ultra S&P500 during the fourth quarter worth about $26,000. Anchor Investment Management LLC bought a new position in ProShares Ultra S&P500 in the fourth quarter valued at approximately $65,000. Headlands Technologies LLC bought a new position in ProShares Ultra S&P500 in the fourth quarter valued at approximately $128,000. Modera Wealth Management LLC bought a new position in ProShares Ultra S&P500 in the third quarter valued at approximately $184,000. Finally, Institute for Wealth Management LLC. bought a new position in ProShares Ultra S&P500 in the fourth quarter valued at approximately $201,000.
ProShares Ultra S&P500 Stock Up 0.8 %
SSO stock traded up $0.65 during mid-day trading on Tuesday, reaching $83.07. The company had a trading volume of 1,981,567 shares, compared to its average volume of 3,421,779. The stock has a 50 day simple moving average of $77.15 and a two-hundred day simple moving average of $72.63. ProShares Ultra S&P500 has a 52 week low of $48.59 and a 52 week high of $84.24.
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.
Read More
- Five stocks we like better than ProShares Ultra S&P500
- 3 Fintech Stocks With Good 2021 Prospects
- Chipotle Mexican Grill Stock Split: Where Does it Go From Here?
- Want to Profit on the Downtrend? Downtrends, Explained.
- Arm Holdings and Micron: Top 2 AI Stocks to Buy and Hold
- Investing In Automotive Stocks
- Best Buy Stock May Be Best Bought Before the Holiday Season
Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report).
Receive News & Ratings for ProShares Ultra S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.
