CPR Investments Inc. Increases Stake in ProShares Ultra S&P500 $SSO

CPR Investments Inc. lifted its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 285.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,351 shares of the real estate investment trust’s stock after buying an additional 11,372 shares during the quarter. ProShares Ultra S&P500 makes up approximately 0.5% of CPR Investments Inc.’s portfolio, making the stock its 27th biggest position. CPR Investments Inc.’s holdings in ProShares Ultra S&P500 were worth $891,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Beacon Capital Management Inc. acquired a new stake in ProShares Ultra S&P500 in the second quarter valued at approximately $27,000. Evolution Wealth Management Inc. acquired a new position in ProShares Ultra S&P500 during the 2nd quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at approximately $37,000. Park Square Financial Group LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at approximately $47,000. Finally, Corsicana & Co. acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at $52,000.

ProShares Ultra S&P500 Trading Down 3.5%

ProShares Ultra S&P500 stock opened at $49.38 on Friday. The stock has a market cap of $6.50 billion, a P/E ratio of 24.25 and a beta of 2.01. The company has a fifty day simple moving average of $56.98 and a 200-day simple moving average of $57.11. ProShares Ultra S&P500 has a 12-month low of $30.42 and a 12-month high of $60.37.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.1138 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, March 25th.

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.