157,007 ProShares Ultra S&P500 $SSO Shares Sold by Client First Investment Management LLC

Client First Investment Management LLC reduced its stake in ProShares Ultra S&P500 (NYSEARCA:SSO) by 28.8% during the 3rd quarter, Holdings Channel reports. The fund owned 387,544 shares of the real estate investment trust’s stock after selling 157,007 shares during the period. ProShares Ultra S&P500 comprises about 12.8% of Client First Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Client First Investment Management LLC’s holdings in ProShares Ultra S&P500 were worth $26,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in ProShares Ultra S&P500 during the first quarter worth about $37,000. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra S&P500 in the 1st quarter worth about $55,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra S&P500 in the 2nd quarter valued at about $126,000. Anchor Investment Management LLC increased its position in shares of ProShares Ultra S&P500 by 100.0% in the fourth 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 in the last quarter. Finally, Financial Life Planners acquired a new position in shares of ProShares Ultra S&P500 during the first quarter worth about $144,000.

ProShares Ultra S&P500 Trading Up 1.2%

SSO opened at $72.12 on Friday. ProShares Ultra S&P500 has a twelve month low of $48.63 and a twelve month high of $72.80. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 24.25 and a beta of 2.01. The company has a fifty day simple moving average of $70.49 and a 200 day simple moving average of $66.12.

ProShares Ultra S&P500 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.