ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Large Volume Increase – Here’s Why

ProShares Ultra S&P500 (NYSEARCA:SSO) saw strong trading volume on Tuesday . 2,326,989 shares changed hands during trading, an increase of 3% from the previous session’s volume of 2,253,742 shares.The stock last traded at $96.49 and had previously closed at $95.78.

ProShares Ultra S&P500 Stock Performance

The company has a 50-day moving average of $95.73 and a 200 day moving average of $90.01.

Institutional Trading of ProShares Ultra S&P500

Several large investors have recently added to or reduced their stakes in the stock. Professional Financial Advisors LLC grew its holdings in shares of ProShares Ultra S&P500 by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 25,231 shares of the real estate investment trust’s stock worth $2,275,000 after purchasing an additional 148 shares during the period. Abound Wealth Management lifted its stake in ProShares Ultra S&P500 by 46.7% during the 4th quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 249 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in ProShares Ultra S&P500 by 3.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 9,782 shares of the real estate investment trust’s stock worth $905,000 after acquiring an additional 361 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in ProShares Ultra S&P500 by 39.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,344 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 377 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new position in ProShares Ultra S&P500 during the 3rd quarter worth about $42,000.

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.