Wealth Enhancement Advisory Services LLC Grows Stock Holdings in ProShares Ultra S&P500 (NYSEARCA:SSO)

Wealth Enhancement Advisory Services LLC raised its stake in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 9,538 shares of the real estate investment trust’s stock after acquiring an additional 800 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ProShares Ultra S&P500 were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC acquired a new position in shares of ProShares Ultra S&P500 in the third quarter valued at approximately $42,000. BNP Paribas Financial Markets purchased a new position in ProShares Ultra S&P500 in the 3rd quarter valued at $48,000. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares Ultra S&P500 in the 2nd quarter valued at $58,000. Eastern Bank purchased a new position in ProShares Ultra S&P500 during the 3rd quarter worth $81,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of ProShares Ultra S&P500 by 39.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,344 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 377 shares during the period.

ProShares Ultra S&P500 Trading Up 3.6 %

Shares of ProShares Ultra S&P500 stock opened at $94.35 on Thursday. ProShares Ultra S&P500 has a 52-week low of $63.33 and a 52-week high of $100.12. The company’s 50-day simple moving average is $95.78 and its 200-day simple moving average is $89.56.

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.