Plotkin Financial Advisors LLC Boosts Holdings in ProShares Ultra S&P500 $SSO

Plotkin Financial Advisors LLC raised its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 97.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 58,686 shares of the real estate investment trust’s stock after acquiring an additional 28,966 shares during the period. ProShares Ultra S&P500 makes up approximately 1.7% of Plotkin Financial Advisors LLC’s portfolio, making the stock its 18th biggest position. Plotkin Financial Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CPR Investments Inc. boosted its position in shares of ProShares Ultra S&P500 by 285.8% in the fourth quarter. CPR Investments Inc. now owns 15,351 shares of the real estate investment trust’s stock worth $891,000 after acquiring an additional 11,372 shares during the last quarter. Berger Financial Group Inc increased its position in ProShares Ultra S&P500 by 98.6% during the fourth quarter. Berger Financial Group Inc now owns 22,730 shares of the real estate investment trust’s stock worth $1,317,000 after purchasing an additional 11,286 shares during the last quarter. Global View Capital Management LLC increased its position in ProShares Ultra S&P500 by 329.8% during the fourth quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock worth $26,962,000 after purchasing an additional 357,202 shares during the last quarter. Arta Finance Wealth Management LLC purchased a new position in ProShares Ultra S&P500 during the fourth quarter worth approximately $8,491,000. Finally, Marshall Financial Group LLC raised its stake in ProShares Ultra S&P500 by 64.1% during the fourth quarter. Marshall Financial Group LLC now owns 104,822 shares of the real estate investment trust’s stock worth $6,071,000 after purchasing an additional 40,962 shares during the period.

ProShares Ultra S&P500 Stock Up 1.9%

Shares of SSO opened at $67.61 on Friday. The firm has a market cap of $7.81 billion, a PE ratio of 24.25 and a beta of 2.01. The company’s fifty day moving average is $64.75 and its two-hundred day moving average is $59.88. ProShares Ultra S&P500 has a fifty-two week low of $44.99 and a fifty-two week high of $70.13.

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.