CacheTech Inc. Sells 60,448 Shares of ProShares Ultra S&P500 (NYSEARCA:SSO)

CacheTech Inc. lowered its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 519,161 shares of the real estate investment trust’s stock after selling 60,448 shares during the quarter. ProShares Ultra S&P500 comprises approximately 10.0% of CacheTech Inc.’s investment portfolio, making the stock its 2nd largest holding. CacheTech Inc.’s holdings in ProShares Ultra S&P500 were worth $46,813,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SSO. Norden Group LLC acquired a new position in shares of ProShares Ultra S&P500 during the first quarter valued at about $616,000. Sequoia Financial Advisors LLC acquired a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $629,000. Whittier Trust Co. acquired a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $60,000. Wealthspire Advisors LLC acquired a new position in ProShares Ultra S&P500 in the 1st quarter worth approximately $206,000. Finally, Headlands Technologies LLC increased its holdings in ProShares Ultra S&P500 by 169.0% in the 1st quarter. Headlands Technologies LLC now owns 5,291 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 3,324 shares during the period.

ProShares Ultra S&P500 Trading Up 0.8 %

Shares of NYSEARCA:SSO opened at $88.63 on Friday. ProShares Ultra S&P500 has a twelve month low of $52.73 and a twelve month high of $93.70. The company’s 50 day moving average is $88.45 and its 200 day moving average is $82.84.

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.