GenWealth Group Inc. raised its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO – Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,037 shares of the real estate investment trust’s stock after purchasing an additional 10,753 shares during the quarter. ProShares Ultra S&P500 makes up about 1.8% of GenWealth Group Inc.’s investment portfolio, making the stock its 19th largest position. GenWealth Group Inc. owned approximately 0.14% of ProShares Ultra S&P500 worth $8,896,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in SSO. Keystone Global Partners LLC bought a new position in shares of ProShares Ultra S&P500 in the first quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $159,000. Crossingbridge Advisors LLC bought a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $166,000. Oliver Lagore Vanvalin Investment Group bought a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $200,000. Finally, Cadent Capital Advisors LLC bought a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $215,000.
ProShares Ultra S&P500 Trading Down 0.9%
Shares of NYSEARCA:SSO opened at $109.51 on Friday. The stock has a market capitalization of $7.47 billion, a P/E ratio of 24.25 and a beta of 2.03. ProShares Ultra S&P500 has a 1-year low of $60.84 and a 1-year high of $112.88. The business has a 50-day moving average price of $105.20 and a two-hundred day moving average price of $92.69.
ProShares Ultra S&P500 Company 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.
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