Arizona PSPRS Trust Takes Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Arizona PSPRS Trust bought a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 28,899 shares of the real estate investment trust’s stock, valued at approximately $2,606,000. ProShares Ultra S&P500 accounts for 0.1% of Arizona PSPRS Trust’s investment portfolio, making the stock its 15th biggest position. Arizona PSPRS Trust owned about 0.05% of ProShares Ultra S&P500 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in SSO. Kingswood Wealth Advisors LLC raised its stake in ProShares Ultra S&P500 by 47.2% during the second quarter. Kingswood Wealth Advisors LLC now owns 69,671 shares of the real estate investment trust’s stock worth $5,755,000 after acquiring an additional 22,342 shares during the period. CWM LLC raised its holdings in shares of ProShares Ultra S&P500 by 964.2% during the second quarter. CWM LLC now owns 862 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 781 shares during the period. Csenge Advisory Group lifted its holdings in shares of ProShares Ultra S&P500 by 130.9% in the second quarter. Csenge Advisory Group now owns 24,851 shares of the real estate investment trust’s stock valued at $2,053,000 after purchasing an additional 14,090 shares in the last quarter. Warther Private Wealth LLC acquired a new stake in ProShares Ultra S&P500 during the 2nd quarter worth about $361,000. Finally, Cadent Capital Advisors LLC acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth approximately $254,000.

ProShares Ultra S&P500 Stock Performance

NYSEARCA:SSO opened at $98.07 on Monday. ProShares Ultra S&P500 has a 52 week low of $59.17 and a 52 week high of $98.36. The stock’s 50 day moving average price is $92.46 and its 200 day moving average price is $86.04.

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.