Norden Group LLC Boosts Stake in ProShares Ultra S&P500 $SSO

Norden Group LLC increased its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 7.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,758 shares of the real estate investment trust’s stock after purchasing an additional 559 shares during the period. Norden Group LLC’s holdings in ProShares Ultra S&P500 were worth $758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in ProShares Ultra S&P500 in the second quarter valued at approximately $461,738,000. Main Street Group LTD raised its position in ProShares Ultra S&P500 by 3.1% in the 2nd quarter. Main Street Group LTD now owns 580,770 shares of the real estate investment trust’s stock valued at $56,753,000 after purchasing an additional 17,385 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in ProShares Ultra S&P500 in the 1st quarter valued at $41,524,000. Ridgepath Capital Management LLC raised its holdings in shares of ProShares Ultra S&P500 by 22.5% in the first quarter. Ridgepath Capital Management LLC now owns 386,197 shares of the real estate investment trust’s stock valued at $31,969,000 after buying an additional 70,898 shares during the last quarter. Finally, TTP Investments Inc. raised its holdings in shares of ProShares Ultra S&P500 by 18.8% in the second quarter. TTP Investments Inc. now owns 380,651 shares of the real estate investment trust’s stock valued at $37,197,000 after buying an additional 60,361 shares during the last quarter.

ProShares Ultra S&P500 Stock Performance

Shares of NYSEARCA:SSO opened at $109.51 on Friday. The company has a 50-day simple moving average of $105.20 and a 200-day simple moving average of $92.69. ProShares Ultra S&P500 has a one year low of $60.84 and a one year high of $112.88. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 24.25 and a beta of 2.03.

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.