ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Large Increase in Short Interest

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,560,187 shares, an increase of 240.2% from the May 31st total of 1,046,501 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 4,719,298 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On ProShares Ultra S&P500

Several large investors have recently modified their holdings of the business. CPR Investments Inc. raised its stake in ProShares Ultra S&P500 by 285.8% in the fourth quarter. CPR Investments Inc. now owns 15,351 shares of the real estate investment trust’s stock worth $891,000 after buying an additional 11,372 shares in the last quarter. Berger Financial Group Inc boosted its position in ProShares Ultra S&P500 by 98.6% during the 4th quarter. Berger Financial Group Inc now owns 22,730 shares of the real estate investment trust’s stock valued at $1,317,000 after acquiring an additional 11,286 shares in the last quarter. Global View Capital Management LLC increased its holdings in shares of ProShares Ultra S&P500 by 329.8% in the 4th quarter. Global View Capital Management LLC now owns 465,496 shares of the real estate investment trust’s stock valued at $26,962,000 after acquiring an additional 357,202 shares during the period. Arta Finance Wealth Management LLC purchased a new position in shares of ProShares Ultra S&P500 in the 4th quarter valued at $8,491,000. Finally, Marshall Financial Group LLC raised its position in shares of ProShares Ultra S&P500 by 64.1% in the 4th quarter. Marshall Financial Group LLC now owns 104,822 shares of the real estate investment trust’s stock worth $6,071,000 after acquiring an additional 40,962 shares in the last quarter.

ProShares Ultra S&P500 Stock Up 3.1%

Shares of SSO stock traded up $1.97 on Monday, hitting $66.39. The stock had a trading volume of 5,258,205 shares, compared to its average volume of 4,424,594. ProShares Ultra S&P500 has a one year low of $48.42 and a one year high of $70.13. The business has a 50 day moving average price of $65.73 and a 200 day moving average price of $60.20. The company has a market cap of $7.67 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.