ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Sold by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. lessened its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,077 shares of the real estate investment trust’s stock after selling 5,924 shares during the period. Prosperity Wealth Management Inc.’s holdings in ProShares Ultra S&P500 were worth $330,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SSO. Castleview Partners LLC lifted its stake in ProShares Ultra S&P500 by 2.4% during the second quarter. Castleview Partners LLC now owns 8,974 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 208 shares during the last quarter. CRA Financial Services LLC lifted its position in shares of ProShares Ultra S&P500 by 4.4% in the 3rd quarter. CRA Financial Services LLC now owns 5,286 shares of the real estate investment trust’s stock worth $282,000 after buying an additional 225 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of ProShares Ultra S&P500 by 158.7% in the 1st quarter. Bank of America Corp DE now owns 388 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 238 shares during the period. Stonebridge Capital Advisors LLC grew its position in shares of ProShares Ultra S&P500 by 100.0% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 500 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 250 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in ProShares Ultra S&P500 by 18.9% during the second quarter. Sunbelt Securities Inc. now owns 1,834 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 292 shares during the period.

ProShares Ultra S&P500 Trading Down 1.1 %

NYSEARCA:SSO traded down $0.76 during midday trading on Wednesday, reaching $70.79. 2,484,450 shares of the company traded hands, compared to its average volume of 3,681,843. ProShares Ultra S&P500 has a twelve month low of $48.47 and a twelve month high of $77.96. The company has a fifty day moving average price of $74.11 and a 200 day moving average price of $65.08.

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.