ProShares Ultra S&P500 $SSO Holdings Lessened by Client First Investment Management LLC

Client First Investment Management LLC cut its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 28.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 387,544 shares of the real estate investment trust’s stock after selling 157,007 shares during the quarter. ProShares Ultra S&P500 comprises approximately 12.8% of Client First Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Client First Investment Management LLC owned 0.31% of ProShares Ultra S&P500 worth $26,868,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Castleview Partners LLC increased its holdings in ProShares Ultra S&P500 by 64.2% during the 3rd quarter. Castleview Partners LLC now owns 7,611 shares of the real estate investment trust’s stock worth $528,000 after purchasing an additional 2,976 shares during the period. Balefire LLC acquired a new stake in ProShares Ultra S&P500 in the third quarter valued at $874,000. Turner Capital Investments LLC acquired a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth about $39,489,000. Cadent Capital Advisors LLC boosted its holdings in ProShares Ultra S&P500 by 17.8% in the third quarter. Cadent Capital Advisors LLC now owns 5,348 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 809 shares in the last quarter. Finally, First Heartland Consultants Inc. acquired a new position in shares of ProShares Ultra S&P500 in the 3rd quarter valued at $306,000.

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO opened at $72.12 on Friday. ProShares Ultra S&P500 has a 1-year low of $48.63 and a 1-year high of $72.80. The firm has a fifty day moving average price of $70.49 and a 200 day moving average price of $66.12. The stock has a market cap of $8.95 billion, a P/E ratio of 24.25 and a beta of 2.01.

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