ProShares Ultra S&P500 (NYSEARCA:SSO) Sets New 12-Month Low at $45.26

Shares of ProShares Ultra S&P500 (NYSEARCA:SSOGet Rating) hit a new 52-week low during trading on Monday . The company traded as low as $45.26 and last traded at $45.47, with a volume of 196225 shares traded. The stock had previously closed at $47.88.

The business’s 50 day moving average is $55.77 and its 200 day moving average is $62.30.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its stake in ProShares Ultra S&P500 by 43.6% in the second quarter. Morgan Stanley now owns 4,036 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 1,225 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of ProShares Ultra S&P500 by 7.1% during the second quarter. Wells Fargo & Company MN now owns 3,021 shares of the real estate investment trust’s stock worth $361,000 after buying an additional 201 shares during the period. Credit Suisse AG boosted its stake in shares of ProShares Ultra S&P500 by 95.8% during the third quarter. Credit Suisse AG now owns 19,302 shares of the real estate investment trust’s stock worth $2,313,000 after buying an additional 9,445 shares during the period. Mariner LLC boosted its stake in shares of ProShares Ultra S&P500 by 0.8% during the third quarter. Mariner LLC now owns 12,970 shares of the real estate investment trust’s stock worth $1,554,000 after buying an additional 98 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of ProShares Ultra S&P500 during the third quarter worth about $2,835,000.

About ProShares Ultra S&P500 (NYSEARCA:SSO)

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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