69,560 ProShares Ultra S&P500 $SSO Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC reduced its position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 95.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,336 shares of the real estate investment trust’s stock after selling 69,560 shares during the quarter. Milestone Asset Management LLC’s holdings in ProShares Ultra S&P500 were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Western Wealth Management LLC bought a new position in ProShares Ultra S&P500 in the 1st quarter worth $37,000. Bogart Wealth LLC acquired a new position in ProShares Ultra S&P500 during the 1st quarter worth $55,000. Anchor Investment Management LLC lifted its position in ProShares Ultra S&P500 by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 2,000 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,000 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra S&P500 during the second quarter valued at about $126,000. Finally, Financial Life Planners bought a new stake in ProShares Ultra S&P500 during the first quarter valued at about $144,000.

ProShares Ultra S&P500 Stock Down 2.2%

SSO stock traded down $1.57 during mid-day trading on Friday, reaching $69.25. 5,179,163 shares of the stock traded hands, compared to its average volume of 3,897,407. The firm has a market capitalization of $8.85 billion, a PE ratio of 24.25 and a beta of 2.01. The business has a 50-day moving average of $70.50 and a two-hundred day moving average of $66.79. ProShares Ultra S&P500 has a 52 week low of $48.63 and a 52 week high of $72.80.

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.