GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 57,473 shares of the real estate investment trust’s stock, valued at approximately $3,740,000. GUNN & Co INVESTMENT MANAGEMENT INC. owned approximately 0.08% of ProShares Ultra S&P500 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in ProShares Ultra S&P500 during the fourth quarter valued at $26,000. Anchor Investment Management LLC purchased a new position in shares of ProShares Ultra S&P500 during the fourth quarter worth about $65,000. Headlands Technologies LLC bought a new position in shares of ProShares Ultra S&P500 in the fourth quarter worth approximately $128,000. Modera Wealth Management LLC purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at approximately $184,000. Finally, Institute for Wealth Management LLC. bought a new stake in ProShares Ultra S&P500 during the fourth quarter valued at approximately $201,000.
ProShares Ultra S&P500 Stock Up 0.3 %
Shares of NYSEARCA:SSO traded up $0.24 on Tuesday, reaching $75.19. 1,019,751 shares of the company traded hands, compared to its average volume of 3,739,069. ProShares Ultra S&P500 has a 52 week low of $48.59 and a 52 week high of $77.96. The business’s 50-day simple moving average is $74.18 and its 200 day simple moving average is $66.82.
ProShares Ultra S&P500 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.
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