ProShares Ultra S&P500 (NYSEARCA:SSO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in ProShares Ultra S&P500 (NYSEARCA:SSO) by 88.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,206 shares of the real estate investment trust’s stock after selling 88,265 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of ProShares Ultra S&P500 worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in shares of ProShares Ultra S&P500 by 5,329.7% in the third quarter. Assetmark Inc. now owns 371,611 shares of the real estate investment trust’s stock worth $35,950,000 after buying an additional 364,767 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of ProShares Ultra S&P500 by 234.5% in the second quarter. Royal Bank of Canada now owns 85,996 shares of the real estate investment trust’s stock worth $7,692,000 after buying an additional 60,289 shares in the last quarter. Cedar Capital LLC lifted its stake in shares of ProShares Ultra S&P500 by 169.1% in the second quarter. Cedar Capital LLC now owns 74,671 shares of the real estate investment trust’s stock worth $6,679,000 after buying an additional 46,921 shares in the last quarter. Sawtooth Solutions LLC bought a new position in shares of ProShares Ultra S&P500 in the second quarter worth approximately $2,227,000. Finally, Institute for Wealth Management LLC. bought a new position in shares of ProShares Ultra S&P500 in the second quarter worth approximately $1,709,000.

ProShares Ultra S&P500 (NYSEARCA:SSO) traded up $1.61 on Thursday, reaching $116.85. 1,666,832 shares of the company’s stock traded hands, compared to its average volume of 1,398,188. The company has a market capitalization of $2,420.00 and a P/E ratio of 10.02. ProShares Ultra S&P500 has a fifty-two week low of $77.02 and a fifty-two week high of $116.87.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were paid a dividend of $0.161 per share. This represents a $0.64 annualized dividend and a yield of 0.55%. This is a boost from ProShares Ultra S&P500’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 26th. ProShares Ultra S&P500’s dividend payout ratio (DPR) is presently 3.60%.

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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.

Institutional Ownership by Quarter for ProShares Ultra S&P500 (NYSEARCA:SSO)

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