Bank of New York Mellon Corp Has $402,000 Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

Bank of New York Mellon Corp decreased its holdings in ProShares Ultra S&P500 (NYSEARCA:SSO) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,349 shares of the real estate investment trust’s stock after selling 6,108 shares during the quarter. Bank of New York Mellon Corp’s holdings in ProShares Ultra S&P500 were worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of ProShares Ultra S&P500 during the 3rd quarter worth approximately $48,000. Compass Planning Associates Inc acquired a new position in ProShares Ultra S&P500 during the fourth quarter worth $56,000. Abound Wealth Management lifted its holdings in shares of ProShares Ultra S&P500 by 46.7% during the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 249 shares during the period. Morse Asset Management Inc acquired a new stake in shares of ProShares Ultra S&P500 in the 3rd quarter valued at $145,000. Finally, Eastern Bank grew its holdings in shares of ProShares Ultra S&P500 by 117.5% in the 4th quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 1,056 shares during the last quarter.

ProShares Ultra S&P500 Stock Down 4.0 %

Shares of SSO stock opened at $81.80 on Friday. The company has a market capitalization of $4.49 billion, a P/E ratio of 22.99 and a beta of 2.06. ProShares Ultra S&P500 has a 12-month low of $68.75 and a 12-month high of $100.29. The firm has a 50-day moving average price of $92.46 and a 200 day moving average price of $92.83.

ProShares Ultra S&P500 Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be paid a $0.1656 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.