ProShares Ultra S&P500 $SSO Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 92.3% in the second quarter, HoldingsChannel.com reports. The firm owned 10,285 shares of the real estate investment trust’s stock after buying an additional 4,936 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in ProShares Ultra S&P500 were worth $1,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new position in ProShares Ultra S&P500 in the second quarter valued at approximately $461,738,000. Main Street Group LTD boosted its holdings in shares of ProShares Ultra S&P500 by 3.1% in the second quarter. Main Street Group LTD now owns 580,770 shares of the real estate investment trust’s stock valued at $56,753,000 after acquiring an additional 17,385 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $41,524,000. Ridgepath Capital Management LLC boosted its holdings in shares of ProShares Ultra S&P500 by 22.5% in the first quarter. Ridgepath Capital Management LLC now owns 386,197 shares of the real estate investment trust’s stock valued at $31,969,000 after acquiring an additional 70,898 shares during the period. Finally, TTP Investments Inc. boosted its holdings in shares of ProShares Ultra S&P500 by 18.8% in the second quarter. TTP Investments Inc. now owns 380,651 shares of the real estate investment trust’s stock valued at $37,197,000 after acquiring an additional 60,361 shares during the period.

ProShares Ultra S&P500 Trading Up 1.1%

SSO stock opened at $111.07 on Friday. The company has a market capitalization of $7.27 billion, a P/E ratio of 24.25 and a beta of 2.03. ProShares Ultra S&P500 has a twelve month low of $60.84 and a twelve month high of $114.61. The business has a 50 day simple moving average of $108.44 and a 200-day simple moving average of $95.83.

ProShares Ultra S&P500 Company 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.