Sowell Financial Services LLC Buys 69,630 Shares of ProShares Ultra S&P500 $SSO

Sowell Financial Services LLC grew its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 231.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 99,719 shares of the real estate investment trust’s stock after buying an additional 69,630 shares during the period. Sowell Financial Services LLC owned approximately 0.07% of ProShares Ultra S&P500 worth $5,776,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Assetmark Inc. raised its stake in shares of ProShares Ultra S&P500 by 110,080.6% in the 3rd quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after buying an additional 6,629,056 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares Ultra S&P500 during the 1st quarter valued at about $41,524,000. Global View Capital Management LLC increased its stake in ProShares Ultra S&P500 by 329.8% in the fourth quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after acquiring an additional 357,202 shares during the period. Revere Asset Management Inc bought a new stake in ProShares Ultra S&P500 in the third quarter valued at about $32,485,000. Finally, Spire Wealth Management raised its position in ProShares Ultra S&P500 by 116.3% in the fourth quarter. Spire Wealth Management now owns 370,353 shares of the real estate investment trust’s stock worth $21,451,000 after purchasing an additional 199,144 shares in the last quarter.

ProShares Ultra S&P500 Price Performance

Shares of SSO opened at $52.74 on Monday. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 12 month low of $30.42 and a 12 month high of $60.37. The company has a 50-day moving average price of $56.31 and a two-hundred day moving average price of $57.03.

ProShares Ultra S&P500 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a $0.1138 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.9%.

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.