ProShares Ultra S&P500 (NYSEARCA:SSO) Hits New 12-Month High at $77.96

ProShares Ultra S&P500 (NYSEARCA:SSO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.96 and last traded at $77.52, with a volume of 1970794 shares trading hands. The stock had previously closed at $77.58.

ProShares Ultra S&P500 Stock Performance

The stock’s 50 day moving average is $72.04 and its 200 day moving average is $63.11.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. lifted its stake in ProShares Ultra S&P500 by 100.0% in the 4th quarter. Assetmark Inc. now owns 7,971,102 shares of the real estate investment trust’s stock worth $518,680,000 after purchasing an additional 3,985,950 shares in the last quarter. TTP Investments Inc. lifted its stake in ProShares Ultra S&P500 by 88.5% in the 4th quarter. TTP Investments Inc. now owns 822,924 shares of the real estate investment trust’s stock worth $53,548,000 after purchasing an additional 386,287 shares in the last quarter. Imprint Wealth LLC increased its holdings in shares of ProShares Ultra S&P500 by 5,564.2% in the 2nd quarter. Imprint Wealth LLC now owns 696,354 shares of the real estate investment trust’s stock worth $69,635,000 after buying an additional 684,060 shares during the last quarter. Adams Wealth Management bought a new position in shares of ProShares Ultra S&P500 in the 4th quarter worth $33,435,000. Finally, GTS Securities LLC bought a new position in shares of ProShares Ultra S&P500 in the 2nd quarter worth $28,573,000.

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.