Sowell Financial Services LLC Sells 7,727 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Sowell Financial Services LLC trimmed its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 22.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,137 shares of the real estate investment trust’s stock after selling 7,727 shares during the period. Sowell Financial Services LLC’s holdings in ProShares Ultra S&P500 were worth $2,510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $48,000. Compass Planning Associates Inc bought a new position in ProShares Ultra S&P500 in the 4th quarter valued at $56,000. Abound Wealth Management boosted its position in ProShares Ultra S&P500 by 46.7% in the 4th quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 249 shares during the last quarter. Morse Asset Management Inc bought a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $145,000. Finally, Eastern Bank boosted its position in ProShares Ultra S&P500 by 117.5% in the 4th quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 1,056 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of SSO opened at $87.99 on Monday. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 26.71 and a beta of 2.04. The business’s fifty day moving average price is $95.12 and its two-hundred day moving average price is $93.00. ProShares Ultra S&P500 has a 52 week low of $68.75 and a 52 week high of $100.29.

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.