ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Large Volume Increase – Here’s Why

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) saw unusually-high trading volume on Tuesday . Approximately 2,326,989 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 2,253,742 shares.The stock last traded at $96.49 and had previously closed at $95.78.

ProShares Ultra S&P500 Stock Performance

The firm has a 50-day moving average price of $95.73 and a two-hundred day moving average price of $90.01.

Institutional Investors Weigh In On ProShares Ultra S&P500

A number of large investors have recently modified their holdings of SSO. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $48,000. Creative Planning lifted its holdings in ProShares Ultra S&P500 by 6.7% in the third quarter. Creative Planning now owns 33,321 shares of the real estate investment trust’s stock valued at $3,005,000 after acquiring an additional 2,080 shares during the period. International Assets Investment Management LLC lifted its holdings in ProShares Ultra S&P500 by 8,917.0% in the third quarter. International Assets Investment Management LLC now owns 9,017 shares of the real estate investment trust’s stock valued at $813,000 after acquiring an additional 8,917 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in ProShares Ultra S&P500 by 9.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,538 shares of the real estate investment trust’s stock valued at $860,000 after acquiring an additional 800 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in ProShares Ultra S&P500 in the second quarter valued at approximately $691,000.

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.