Milestone Asset Management LLC Buys 5,524 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Milestone Asset Management LLC raised its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,217 shares of the real estate investment trust’s stock after acquiring an additional 5,524 shares during the period. ProShares Ultra S&P500 makes up 1.3% of Milestone Asset Management LLC’s portfolio, making the stock its 13th biggest position. Milestone Asset Management LLC owned approximately 0.11% of ProShares Ultra S&P500 worth $5,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CPR Investments Inc. raised its holdings in ProShares Ultra S&P500 by 31.4% in the 2nd quarter. CPR Investments Inc. now owns 53,880 shares of the real estate investment trust’s stock worth $4,450,000 after acquiring an additional 12,877 shares during the last quarter. Galvin Gaustad & Stein LLC raised its stake in shares of ProShares Ultra S&P500 by 4.6% in the second quarter. Galvin Gaustad & Stein LLC now owns 6,900 shares of the real estate investment trust’s stock worth $570,000 after purchasing an additional 305 shares during the last quarter. Adams Wealth Management raised its stake in shares of ProShares Ultra S&P500 by 4.7% in the second quarter. Adams Wealth Management now owns 579,609 shares of the real estate investment trust’s stock worth $47,876,000 after purchasing an additional 26,065 shares during the last quarter. Cadent Capital Advisors LLC bought a new position in shares of ProShares Ultra S&P500 during the second quarter valued at $254,000. Finally, Warther Private Wealth LLC purchased a new stake in shares of ProShares Ultra S&P500 during the second quarter valued at $361,000.

ProShares Ultra S&P500 Stock Up 1.9 %

Shares of SSO traded up $1.61 during mid-day trading on Monday, hitting $86.15. 1,607,194 shares of the company traded hands, compared to its average volume of 3,335,745. The stock has a 50-day moving average price of $82.82 and a two-hundred day moving average price of $77.49. ProShares Ultra S&P500 has a 1 year low of $48.59 and a 1 year high of $88.82.

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.