ProShares Ultra S&P500 (NYSEARCA:SSO) Stock Pass Above 200-Day Moving Average – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $88.82 and traded as high as $93.96. ProShares Ultra S&P500 shares last traded at $92.51, with a volume of 2,011,098 shares trading hands.

ProShares Ultra S&P500 Trading Down 0.5 %

The company has a fifty day moving average price of $95.36 and a 200 day moving average price of $88.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Axxcess Wealth Management LLC grew its position in shares of ProShares Ultra S&P500 by 123.2% in 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 buying an additional 174,634 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in ProShares Ultra S&P500 by 1,071.1% in the second 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 in the last quarter. Aveo Capital Partners LLC increased its position in ProShares Ultra S&P500 by 148.7% during the 2nd quarter. Aveo Capital Partners LLC now owns 147,565 shares of the real estate investment trust’s stock valued at $12,189,000 after purchasing an additional 88,222 shares during the period. Ashton Thomas Private Wealth LLC raised its holdings in ProShares Ultra S&P500 by 4,542.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 59,754 shares of the real estate investment trust’s stock worth $5,388,000 after purchasing an additional 58,467 shares in the last quarter. Finally, Plotkin Financial Advisors LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter worth about $4,384,000.

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.