Apollon Financial LLC Increases Position in ProShares Ultra S&P500 $SSO

Apollon Financial LLC grew its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 93.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,607 shares of the real estate investment trust’s stock after purchasing an additional 29,805 shares during the period. Apollon Financial LLC’s holdings in ProShares Ultra S&P500 were worth $3,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CPR Investments Inc. boosted its stake in shares of ProShares Ultra S&P500 by 285.8% in the fourth quarter. CPR Investments Inc. now owns 15,351 shares of the real estate investment trust’s stock valued at $891,000 after purchasing an additional 11,372 shares during the period. Arta Finance Wealth Management LLC purchased a new stake in ProShares Ultra S&P500 during the 4th quarter worth approximately $8,491,000. Global View Capital Management LLC lifted its holdings in ProShares Ultra S&P500 by 329.8% during the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock worth $26,962,000 after buying an additional 357,202 shares in the last quarter. Marshall Financial Group LLC lifted its holdings in ProShares Ultra S&P500 by 64.1% during the 4th quarter. Marshall Financial Group LLC now owns 104,822 shares of the real estate investment trust’s stock worth $6,071,000 after buying an additional 40,962 shares in the last quarter. Finally, Ascent Group LLC boosted its position in ProShares Ultra S&P500 by 107.0% in the 4th quarter. Ascent Group LLC now owns 175,256 shares of the real estate investment trust’s stock valued at $10,151,000 after buying an additional 90,580 shares during the period.

ProShares Ultra S&P500 Stock Down 0.2%

Shares of SSO stock opened at $56.48 on Friday. The firm has a 50 day moving average of $55.85 and a two-hundred day moving average of $56.99. The stock has a market capitalization of $5.95 billion, a PE ratio of 24.25 and a beta of 2.00. ProShares Ultra S&P500 has a 52 week low of $33.47 and a 52 week high of $60.37.

ProShares Ultra S&P500 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.1138 per share. This represents a $0.46 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, March 25th.

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