ProShares Ultra S&P500 (NYSEARCA:SSO) Sets New 52-Week High – Here’s What Happened

ProShares Ultra S&P500 (NYSEARCA:SSO)’s share price hit a new 52-week high on Wednesday . The company traded as high as $94.25 and last traded at $94.15, with a volume of 583387 shares traded. The stock had previously closed at $90.36.

ProShares Ultra S&P500 Price Performance

The business’s 50-day simple moving average is $88.56 and its two-hundred day simple moving average is $83.28.

Institutional Trading of ProShares Ultra S&P500

Several institutional investors have recently added to or reduced their stakes in SSO. Fortitude Family Office LLC purchased a new stake in ProShares Ultra S&P500 in the third quarter valued at $42,000. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares Ultra S&P500 during the second quarter worth approximately $58,000. Whittier Trust Co. acquired a new stake in shares of ProShares Ultra S&P500 in the first quarter worth $60,000. CWM LLC grew its holdings in ProShares Ultra S&P500 by 964.2% during the 2nd quarter. CWM LLC now owns 862 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 781 shares in the last quarter. Finally, Eastern Bank bought a new position in ProShares Ultra S&P500 during the 3rd quarter valued at $81,000.

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.