Capital Investment Advisory Services LLC Decreases Stock Holdings in ProShares Ultra S&P500 $SSO

Capital Investment Advisory Services LLC decreased its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 162,119 shares of the real estate investment trust’s stock after selling 9,424 shares during the period. ProShares Ultra S&P500 makes up approximately 1.4% of Capital Investment Advisory Services LLC’s investment portfolio, making the stock its 9th biggest position. Capital Investment Advisory Services LLC’s holdings in ProShares Ultra S&P500 were worth $18,178,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of ProShares Ultra S&P500 in the 1st quarter valued at about $549,000. NewEdge Advisors LLC raised its stake in ProShares Ultra S&P500 by 199.8% in the first quarter. NewEdge Advisors LLC now owns 14,390 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 9,590 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in ProShares Ultra S&P500 during the first quarter valued at approximately $41,524,000. Clear Creek Financial Management LLC purchased a new position in ProShares Ultra S&P500 in the 2nd quarter worth approximately $1,897,000. Finally, Brandywine Oak Private Wealth LLC bought a new position in shares of ProShares Ultra S&P500 in the 2nd quarter worth $242,000.

ProShares Ultra S&P500 Stock Performance

NYSEARCA SSO opened at $56.81 on Friday. ProShares Ultra S&P500 has a 52-week low of $30.42 and a 52-week high of $60.37. The company has a fifty day moving average of $58.69 and a 200-day moving average of $55.98. The company has a market capitalization of $7.48 billion, a P/E 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.