Genesee Capital Advisors LLC Takes Position in ProShares Ultra S&P500 $SSO

Genesee Capital Advisors LLC bought a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,025 shares of the real estate investment trust’s stock, valued at approximately $393,000.

A number of other hedge funds also recently bought and sold shares of SSO. Keystone Global Partners LLC bought a new stake in ProShares Ultra S&P500 in the 1st quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra S&P500 in the 1st quarter worth approximately $159,000. Crossingbridge Advisors LLC bought a new stake in ProShares Ultra S&P500 in the 1st quarter worth approximately $166,000. Oliver Lagore Vanvalin Investment Group bought a new stake in ProShares Ultra S&P500 in the 2nd quarter worth approximately $200,000. Finally, Cadent Capital Advisors LLC bought a new stake in ProShares Ultra S&P500 in the 2nd quarter worth approximately $215,000.

ProShares Ultra S&P500 Price Performance

NYSEARCA:SSO opened at $107.49 on Monday. The business has a 50 day moving average of $107.53 and a 200 day moving average of $94.95. The company has a market capitalization of $7.43 billion, a price-to-earnings 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 $114.61.

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.