Capital Investment Counsel Inc Acquires 78,117 Shares of ProShares Ultra S&P500 $SSO

Capital Investment Counsel Inc increased its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 97.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 158,067 shares of the real estate investment trust’s stock after acquiring an additional 78,117 shares during the period. ProShares Ultra S&P500 comprises 1.1% of Capital Investment Counsel Inc’s portfolio, making the stock its 16th biggest position. Capital Investment Counsel Inc owned about 0.11% of ProShares Ultra S&P500 worth $9,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Capital Management Inc. bought a new stake in ProShares Ultra S&P500 during the 2nd quarter valued at $27,000. Evolution Wealth Management Inc. purchased a new position in ProShares Ultra S&P500 during the 2nd quarter worth $31,000. Global Retirement Partners LLC purchased a new position in ProShares Ultra S&P500 during the 3rd quarter worth $37,000. Park Square Financial Group LLC purchased a new position in ProShares Ultra S&P500 during the 3rd quarter worth $47,000. Finally, Corsicana & Co. purchased a new position in ProShares Ultra S&P500 during the 3rd quarter worth $52,000.

ProShares Ultra S&P500 Stock Performance

ProShares Ultra S&P500 stock opened at $56.48 on Monday. The business’s 50-day simple moving average is $55.85 and its two-hundred day simple moving average is $57.01. The company has a market cap of $5.95 billion, a PE ratio of 24.25 and a beta of 2.00. ProShares Ultra S&P500 has a fifty-two week low of $33.47 and a fifty-two 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 paid 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.

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.