ProShares Ultra S&P500 (NYSEARCA:SSO) Reaches New 52-Week High – Here’s Why

ProShares Ultra S&P500 (NYSEARCA:SSO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $97.79 and last traded at $97.74, with a volume of 1188384 shares. The stock had previously closed at $96.55.

ProShares Ultra S&P500 Trading Up 1.1 %

The firm’s fifty day simple moving average is $91.68 and its 200 day simple moving average is $85.52.

Institutional Investors Weigh In On ProShares Ultra S&P500

Hedge funds and other institutional investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC raised its position in shares of ProShares Ultra S&P500 by 123.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 316,334 shares of the real estate investment trust’s stock worth $26,129,000 after purchasing an additional 174,634 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of ProShares Ultra S&P500 by 1,071.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 118,477 shares of the real estate investment trust’s stock valued at $9,786,000 after acquiring an additional 108,360 shares during the period. Aveo Capital Partners LLC lifted its holdings in shares of ProShares Ultra S&P500 by 148.7% in the 2nd quarter. Aveo Capital Partners LLC now owns 147,565 shares of the real estate investment trust’s stock worth $12,189,000 after acquiring an additional 88,222 shares during the last quarter. Tactive Advisors LLC increased its holdings in ProShares Ultra S&P500 by 92.7% in the 1st quarter. Tactive Advisors LLC now owns 138,715 shares of the real estate investment trust’s stock valued at $10,753,000 after purchasing an additional 66,715 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in ProShares Ultra S&P500 by 4,542.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock valued at $5,388,000 after purchasing an additional 58,467 shares during the period.

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.