Prosperity Wealth Management Inc. Sells 127,682 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Prosperity Wealth Management Inc. cut its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 72.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,538 shares of the real estate investment trust’s stock after selling 127,682 shares during the period. ProShares Ultra S&P500 makes up about 1.8% of Prosperity Wealth Management Inc.’s portfolio, making the stock its 11th biggest holding. Prosperity Wealth Management Inc.’s holdings in ProShares Ultra S&P500 were worth $4,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its position in ProShares Ultra S&P500 by 1.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 9,820 shares of the real estate investment trust’s stock valued at $917,000 after purchasing an additional 113 shares during the period. Abound Wealth Management raised its position in ProShares Ultra S&P500 by 46.7% during the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 249 shares during the period. Capital Investment Advisory Services LLC raised its position in ProShares Ultra S&P500 by 3.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 9,782 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 361 shares during the period. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra S&P500 during the third quarter valued at approximately $48,000. Finally, Tyche Wealth Partners LLC raised its position in ProShares Ultra S&P500 by 18.7% during the fourth quarter. Tyche Wealth Partners LLC now owns 3,515 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 553 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of SSO stock opened at $81.96 on Wednesday. The stock’s 50 day simple moving average is $94.72 and its two-hundred day simple moving average is $92.95. ProShares Ultra S&P500 has a 1 year low of $68.75 and a 1 year high of $100.29. The company has a market cap of $5.04 billion, a PE ratio of 26.71 and a beta of 2.04.

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.