The ProShares Ultra S&P500 ETF (SSO) experienced a significant outflow of approximately $393.5 million, marking a 4.4% decrease in shares outstanding from 127.1 million to 121.5 million in the past week. This outflow coincides with declines in major underlying holdings, including Amazon.com Inc (AMZN) down 0.7%, Broadcom Inc (AVGO) down 0.2%, and Meta Platforms Inc (META) down 3.3%.
SSO’s recent share price is recorded at $70.31, situated between its 52-week low of $48.63 and its high of $72.80. The ETF’s share performance is being closely monitored relative to its 200-day moving average, a key indicator in technical analysis.
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