SkyOak Wealth LLC Acquires 9,536 Shares of ProShares Ultra S&P500 $SSO

SkyOak Wealth LLC increased its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 81.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,245 shares of the real estate investment trust’s stock after buying an additional 9,536 shares during the period. SkyOak Wealth LLC’s holdings in ProShares Ultra S&P500 were worth $1,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Howard Capital Management Inc. boosted its stake in shares of ProShares Ultra S&P500 by 100.0% during the fourth quarter. Howard Capital Management Inc. now owns 13,775,520 shares of the real estate investment trust’s stock valued at $797,878,000 after purchasing an additional 6,887,760 shares in the last quarter. Assetmark Inc. boosted its stake in shares of ProShares Ultra S&P500 by 110,080.6% during the third quarter. Assetmark Inc. now owns 6,635,078 shares of the real estate investment trust’s stock valued at $743,991,000 after purchasing an additional 6,629,056 shares in the last quarter. Main Street Group LTD boosted its stake in shares of ProShares Ultra S&P500 by 101.6% during the fourth quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock valued at $69,911,000 after purchasing an additional 608,334 shares in the last quarter. TTP Investments Inc. boosted its stake in shares of ProShares Ultra S&P500 by 50.3% during the fourth quarter. TTP Investments Inc. now owns 618,759 shares of the real estate investment trust’s stock valued at $35,839,000 after purchasing an additional 207,045 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of ProShares Ultra S&P500 during the first quarter valued at approximately $41,524,000.

ProShares Ultra S&P500 Stock Performance

NYSEARCA SSO opened at $68.10 on Friday. The firm’s 50 day moving average price is $57.89 and its 200-day moving average price is $58.07. ProShares Ultra S&P500 has a 52-week low of $42.53 and a 52-week high of $68.35. The company has a market cap of $7.87 billion, a PE ratio of 24.25 and a beta of 2.01.

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.