Main Street Group LTD boosted its stake in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 497,464 shares of the real estate investment trust’s stock after acquiring an additional 6,110 shares during the period. ProShares Ultra S&P500 accounts for about 17.2% of Main Street Group LTD’s holdings, making the stock its 2nd biggest position. Main Street Group LTD owned approximately 0.86% of ProShares Ultra S&P500 worth $41,269,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in shares of ProShares Ultra S&P500 in the first quarter valued at approximately $60,000. CWM LLC increased its stake in ProShares Ultra S&P500 by 964.2% in the 2nd quarter. CWM LLC now owns 862 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 781 shares during the period. Hantz Financial Services Inc. purchased a new position in ProShares Ultra S&P500 during the 2nd quarter worth $163,000. Wealthspire Advisors LLC acquired a new stake in shares of ProShares Ultra S&P500 in the 1st quarter worth $206,000. Finally, Pinkerton Retirement Specialists LLC purchased a new stake in shares of ProShares Ultra S&P500 in the first quarter valued at about $217,000.
ProShares Ultra S&P500 Trading Down 3.4 %
NYSEARCA SSO traded down $2.79 during trading hours on Friday, hitting $79.98. 4,266,219 shares of the stock were exchanged, compared to its average volume of 3,280,675. ProShares Ultra S&P500 has a 12-month low of $48.59 and a 12-month high of $88.82. The stock has a 50-day moving average of $83.51 and a 200 day moving average of $78.81.
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.
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