Beck Capital Management LLC Takes $913,000 Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Beck Capital Management LLC acquired a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,871 shares of the real estate investment trust’s stock, valued at approximately $913,000.

Other hedge funds have also modified their holdings of the company. CacheTech Inc. boosted its position in ProShares Ultra S&P500 by 3.9% during the 4th quarter. CacheTech Inc. now owns 539,150 shares of the real estate investment trust’s stock worth $49,872,000 after acquiring an additional 19,989 shares during the last quarter. Adams Wealth Management grew its position in ProShares Ultra S&P500 by 3.1% in the fourth quarter. Adams Wealth Management now owns 535,377 shares of the real estate investment trust’s stock valued at $49,523,000 after purchasing an additional 16,216 shares in the last quarter. Client First Investment Management LLC increased its stake in ProShares Ultra S&P500 by 15.9% in the 4th quarter. Client First Investment Management LLC now owns 388,008 shares of the real estate investment trust’s stock valued at $35,895,000 after buying an additional 53,310 shares during the last quarter. Ridgepath Capital Management LLC lifted its position in ProShares Ultra S&P500 by 0.8% during the 4th quarter. Ridgepath Capital Management LLC now owns 315,299 shares of the real estate investment trust’s stock worth $29,168,000 after buying an additional 2,472 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of ProShares Ultra S&P500 by 6.2% during the 4th quarter. Spire Wealth Management now owns 123,134 shares of the real estate investment trust’s stock worth $11,391,000 after buying an additional 7,139 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA SSO opened at $71.90 on Wednesday. ProShares Ultra S&P500 has a fifty-two week low of $60.84 and a fifty-two week high of $100.29. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 21.58 and a beta of 2.02. The business has a 50-day moving average of $83.32 and a 200-day moving average of $90.95.

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.