Bank of New York Mellon Corp Sells 6,108 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

Bank of New York Mellon Corp trimmed its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 58.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,349 shares of the real estate investment trust’s stock after selling 6,108 shares during the period. Bank of New York Mellon Corp’s holdings in ProShares Ultra S&P500 were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at approximately $48,000. Compass Planning Associates Inc bought a new stake in ProShares Ultra S&P500 in the fourth quarter worth $56,000. Abound Wealth Management boosted its stake 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 worth $72,000 after buying an additional 249 shares during the period. Morse Asset Management Inc bought a new position in ProShares Ultra S&P500 during the third quarter valued at $145,000. Finally, Eastern Bank raised its stake in shares of ProShares Ultra S&P500 by 117.5% in the fourth quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 1,056 shares during the period.

ProShares Ultra S&P500 Price Performance

Shares of SSO opened at $81.80 on Friday. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a 1-year low of $68.75 and a 1-year high of $100.29. The company has a 50-day moving average of $92.46 and a 200 day moving average of $92.83.

ProShares Ultra S&P500 Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.1656 per share. The ex-dividend date is Wednesday, March 26th.

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.