ProShares Ultra S&P500 (NYSEARCA:SSO) Short Interest Down 18.6% in December

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 1,841,771 shares, a decrease of 18.6% from the November 30th total of 2,262,945 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 2,679,097 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 2,679,097 shares, the short-interest ratio is presently 0.7 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares Ultra S&P500

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

ProShares Ultra S&P500 Price Performance

Shares of NYSEARCA:SSO traded down $0.62 during trading on Wednesday, hitting $58.19. 1,613,044 shares of the company’s stock were exchanged, compared to its average volume of 5,258,829. The business’s 50-day simple moving average is $57.60 and its 200 day simple moving average is $54.07. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 52-week low of $30.42 and a 52-week high of $59.74.

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.