ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of ProShares Ultra S&P500 (NYSEARCA:SSO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $53.31 and traded as high as $57.99. ProShares Ultra S&P500 shares last traded at $57.91, with a volume of 2,535,288 shares.

ProShares Ultra S&P500 Stock Up 1.8%

The company has a market cap of $7.37 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The business has a fifty day simple moving average of $57.13 and a 200 day simple moving average of $53.31.

Institutional Trading of ProShares Ultra S&P500

A number of institutional investors have recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. increased its holdings in ProShares Ultra S&P500 by 7.8% in the third quarter. First Heartland Consultants Inc. now owns 2,248 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 163 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ProShares Ultra S&P500 by 1.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,055 shares of the real estate investment trust’s stock worth $905,000 after acquiring an additional 167 shares in the last quarter. Rollins Financial Advisors LLC grew its holdings in shares of ProShares Ultra S&P500 by 1.5% in the 1st quarter. Rollins Financial Advisors LLC now owns 12,226 shares of the real estate investment trust’s stock worth $1,012,000 after acquiring an additional 178 shares during the period. Tudor Investment Corp ET AL grew its holdings in shares of ProShares Ultra S&P500 by 4.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 4,573 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 200 shares during the period. Finally, Harvest Investment Services LLC increased its stake in ProShares Ultra S&P500 by 3.6% in the 3rd quarter. Harvest Investment Services LLC now owns 7,897 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 271 shares in the last quarter.

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. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.