ProShares Ultra S&P500 $SSO Position Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 129.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,145 shares of the real estate investment trust’s stock after purchasing an additional 18,156 shares during the period. Farther Finance Advisors LLC’s holdings in ProShares Ultra S&P500 were worth $1,862,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SSO. Global Retirement Partners LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $37,000. Park Square Financial Group LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $47,000. Corsicana & Co. bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $52,000. Abound Wealth Management raised its stake in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Abound Wealth Management now owns 1,066 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 533 shares in the last quarter. Finally, Winnow Wealth LLC bought a new stake in ProShares Ultra S&P500 during the 3rd quarter valued at $69,000.

ProShares Ultra S&P500 Price Performance

Shares of ProShares Ultra S&P500 stock opened at $61.62 on Monday. The business’s fifty day moving average price is $55.96 and its two-hundred day moving average price is $57.15. The company has a market capitalization of $7.03 billion, a P/E ratio of 24.25 and a beta of 2.00. ProShares Ultra S&P500 has a 1-year low of $33.47 and a 1-year high of $62.02.

ProShares Ultra S&P500 Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.46 annualized dividend and a yield of 0.7%.

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.