Sollinda Capital Management LLC Sells 72,513 Shares of ProShares Ultra S&P500 $SSO

Sollinda Capital Management LLC trimmed its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSOFree Report) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 536,403 shares of the real estate investment trust’s stock after selling 72,513 shares during the period. ProShares Ultra S&P500 accounts for 7.9% of Sollinda Capital Management LLC’s holdings, making the stock its 5th largest position. Sollinda Capital Management LLC’s holdings in ProShares Ultra S&P500 were worth $31,068,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Beacon Capital Management Inc. purchased a new stake in ProShares Ultra S&P500 during the second quarter worth about $27,000. Evolution Wealth Management Inc. acquired a new stake in shares of ProShares Ultra S&P500 during the second quarter worth about $31,000. Global Retirement Partners LLC purchased a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $37,000. Park Square Financial Group LLC acquired a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $47,000. Finally, Corsicana & Co. acquired a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $52,000.

ProShares Ultra S&P500 News Summary

Here are the key news stories impacting ProShares Ultra S&P500 this week:

ProShares Ultra S&P500 Stock Down 0.6%

Shares of SSO opened at $49.06 on Tuesday. The company has a market cap of $6.46 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a fifty-two week low of $30.42 and a fifty-two week high of $60.37. The firm’s 50 day moving average price is $56.77 and its 200 day moving average price is $57.10.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.1138 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.46 annualized dividend and a dividend yield of 0.9%.

About ProShares Ultra S&P500

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra S&P500 (NYSEARCA:SSOFree Report).

Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

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