ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Update

ProShares Ultra S&P500 (NYSEARCA:SSO) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 786,547 shares, a drop of 59.4% from the January 15th total of 1,936,704 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 4,177,205 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 4,177,205 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Ultra S&P500

Several hedge funds and other institutional investors have recently bought and sold shares of SSO. First Heartland Consultants Inc. grew its holdings in ProShares Ultra S&P500 by 7.8% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,248 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 163 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of ProShares Ultra S&P500 by 4.6% during the third quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 200 shares in the last quarter. Harvest Investment Services LLC lifted its stake in shares of ProShares Ultra S&P500 by 3.6% in the 3rd quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock worth $885,000 after acquiring an additional 271 shares during the period. Beacon Capital Management Inc. bought a new position in ProShares Ultra S&P500 during the 2nd quarter valued at $27,000. Finally, Bank of America Corp DE raised its position in ProShares Ultra S&P500 by 1.3% in the third quarter. Bank of America Corp DE now owns 22,583 shares of the real estate investment trust’s stock worth $2,532,000 after acquiring an additional 300 shares in the last quarter.

ProShares Ultra S&P500 Trading Up 0.0%

SSO stock traded up $0.01 during trading on Friday, reaching $57.37. The stock had a trading volume of 5,818,731 shares, compared to its average volume of 4,536,630. The firm has a fifty day moving average price of $58.74 and a 200 day moving average price of $56.29. The company has a market capitalization of $7.55 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1-year low of $30.42 and a 1-year high of $60.37.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.