TFB Advisors LLC Acquires New Stake in ProShares Ultra S&P500 $SSO

TFB Advisors LLC bought a new position in ProShares Ultra S&P500 (NYSEARCA:SSO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,807 shares of the real estate investment trust’s stock, valued at approximately $5,834,000. ProShares Ultra S&P500 accounts for about 1.7% of TFB Advisors LLC’s investment portfolio, making the stock its 8th largest holding. TFB Advisors LLC owned about 0.08% of ProShares Ultra S&P500 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Beacon Capital Management Inc. purchased a new position in ProShares Ultra S&P500 in the 2nd quarter worth about $27,000. Evolution Wealth Management Inc. purchased a new stake in ProShares Ultra S&P500 in the 2nd quarter valued at about $31,000. Global Retirement Partners LLC purchased a new position in shares of ProShares Ultra S&P500 during the third quarter worth approximately $37,000. Corsicana & Co. purchased a new position in shares of ProShares Ultra S&P500 during the third quarter worth approximately $52,000. Finally, Winnow Wealth LLC bought a new stake in shares of ProShares Ultra S&P500 during the third quarter valued at approximately $69,000.

ProShares Ultra S&P500 Stock Down 1.7%

Shares of NYSEARCA:SSO opened at $58.87 on Wednesday. The business’s 50 day moving average is $58.70 and its 200 day moving average is $55.96. The stock has a market cap of $8.09 billion, a P/E 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 $60.37.

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.