Shares of ProShares Ultra S&P500 (NYSEARCA:SSO – Get 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.
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.
Featured Stories
- Get a free copy of the StockNews.com research report on ProShares Ultra S&P500 (SSO)
- Doximity Stock is an Interesting Healthcare Play
- The Analysts Rip The Seams Out Of Stitch Fix
- Where Are Interest Rates Going This Year? A Lot Higher
- Atlassian Stock: Taking Another Look
- SunPower Stock is a Value Solar Play
Receive News & Ratings for ProShares Ultra S&P500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra S&P500 and related companies with MarketBeat.com's FREE daily email newsletter.
