Exchange Traded Concepts LLC Buys Shares of 72,543 ProShares Ultra S&P500 (NYSEARCA:SSO)

Exchange Traded Concepts LLC purchased a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 72,543 shares of the real estate investment trust’s stock, valued at approximately $6,711,000. Exchange Traded Concepts LLC owned 0.13% of ProShares Ultra S&P500 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SSO. Envestnet Asset Management Inc. grew its position in ProShares Ultra S&P500 by 71.7% during the second quarter. Envestnet Asset Management Inc. now owns 20,540 shares of the real estate investment trust’s stock worth $1,697,000 after buying an additional 8,578 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of ProShares Ultra S&P500 during the 2nd quarter worth $2,759,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of ProShares Ultra S&P500 by 39.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,344 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 377 shares in the last quarter. Ascent Group LLC lifted its position in ProShares Ultra S&P500 by 7.7% in the 2nd quarter. Ascent Group LLC now owns 83,610 shares of the real estate investment trust’s stock worth $6,906,000 after buying an additional 5,972 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of ProShares Ultra S&P500 by 7.0% in the 2nd quarter. Creative Planning now owns 31,241 shares of the real estate investment trust’s stock valued at $2,580,000 after purchasing an additional 2,035 shares in the last quarter.

ProShares Ultra S&P500 Trading Down 0.6 %

NYSEARCA:SSO opened at $99.05 on Friday. The company has a fifty day moving average of $95.93 and a 200 day moving average of $90.17. ProShares Ultra S&P500 has a 52 week low of $66.68 and a 52 week high of $100.12.

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.