ProShares Ultra S&P500 $SSO Position Cut by Milestone Asset Management LLC

Milestone Asset Management LLC trimmed its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 95.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,336 shares of the real estate investment trust’s stock after selling 69,560 shares during the quarter. Milestone Asset Management LLC’s holdings in ProShares Ultra S&P500 were worth $231,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Turner Capital Investments LLC acquired a new stake in shares of ProShares Ultra S&P500 in the third quarter worth about $39,489,000. Client First Investment Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 361.3% during the 2nd quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock worth $36,692,000 after acquiring an additional 426,494 shares in the last quarter. Ridgepath Capital Management LLC boosted its stake in shares of ProShares Ultra S&P500 by 4.1% during the 1st quarter. Ridgepath Capital Management LLC now owns 370,104 shares of the real estate investment trust’s stock worth $19,201,000 after acquiring an additional 14,667 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of ProShares Ultra S&P500 during the 3rd quarter valued at about $15,896,000. Finally, Arta Finance Wealth Management LLC increased its holdings in shares of ProShares Ultra S&P500 by 26.6% during the 1st quarter. Arta Finance Wealth Management LLC now owns 185,528 shares of the real estate investment trust’s stock valued at $9,625,000 after acquiring an additional 38,926 shares during the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock traded down $1.57 during trading on Friday, reaching $69.25. The company had a trading volume of 5,179,163 shares, compared to its average volume of 3,897,407. The firm’s 50 day simple moving average is $70.50 and its two-hundred day simple moving average is $66.79. ProShares Ultra S&P500 has a one year low of $48.63 and a one year high of $72.80. The company has a market capitalization of $8.85 billion, a PE ratio of 24.25 and a beta of 2.01.

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.