ProShares Ultra S&P500 (NYSEARCA:SSO) Sees Significant Decrease in Short Interest

ProShares Ultra S&P500 (NYSEARCA:SSO) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,755,575 shares, a decrease of 50.7% from the June 15th total of 3,560,187 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 3,195,753 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On ProShares Ultra S&P500

Institutional investors and hedge funds have recently modified their holdings of the stock. Howard Capital Management Inc. boosted its position in shares of ProShares Ultra S&P500 by 100.0% in 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 acquiring an additional 6,887,760 shares during the period. Main Street Group LTD raised its stake in ProShares Ultra S&P500 by 101.6% in the 4th quarter. Main Street Group LTD now owns 1,207,033 shares of the real estate investment trust’s stock worth $69,911,000 after purchasing an additional 608,334 shares in the last quarter. Pinkerton Wealth LLC boosted its holdings in ProShares Ultra S&P500 by 118.6% in the 4th quarter. Pinkerton Wealth LLC now owns 677,536 shares of the real estate investment trust’s stock valued at $39,243,000 after purchasing an additional 367,655 shares during the period. TTP Investments Inc. grew its position in shares of ProShares Ultra S&P500 by 50.3% during the 4th quarter. TTP Investments Inc. now owns 618,759 shares of the real estate investment trust’s stock worth $35,839,000 after purchasing an additional 207,045 shares in the last quarter. Finally, Client First Investment Management LLC grew its position in shares of ProShares Ultra S&P500 by 361.3% during the 2nd quarter. Client First Investment Management LLC now owns 544,551 shares of the real estate investment trust’s stock worth $36,692,000 after purchasing an additional 426,494 shares in the last quarter.

ProShares Ultra S&P500 Stock Up 0.7%

Shares of SSO stock traded up $0.51 during trading on Wednesday, reaching $68.66. The company’s stock had a trading volume of 2,658,032 shares, compared to its average volume of 4,320,580. ProShares Ultra S&P500 has a one year low of $48.63 and a one year high of $70.13. The business has a fifty day moving average price of $67.10 and a 200-day moving average price of $61.00. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01.

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.