Partners Wealth Management LLC Makes New Investment in ProShares Ultra S&P500 $SSO

Partners Wealth Management LLC bought a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 13,288 shares of the real estate investment trust’s stock, valued at approximately $921,000.

Several other hedge funds also recently added to or reduced their stakes in SSO. Root Financial Partners LLC purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at about $30,000. Western Wealth Management LLC purchased a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at approximately $37,000. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra S&P500 in the 1st quarter valued at approximately $55,000. SBI Securities Co. Ltd. boosted its stake in ProShares Ultra S&P500 by 217.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 932 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 638 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra S&P500 in the 2nd quarter worth approximately $126,000.

ProShares Ultra S&P500 Trading Down 3.6%

NYSEARCA:SSO opened at $67.67 on Friday. The company has a market cap of $8.41 billion, a PE ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $72.80. The company’s 50 day moving average is $70.20 and its two-hundred day moving average is $64.47.

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.