Let \((X, d)\) be an ultrametric space, and let \(d_H\) be the Hausdorff distance on the set \(\bar{{\textbf {B}}}_X\) of all closed balls in \((X, d)\) . Some interconnections between the properties of the spaces \((X, d)\) and \((\bar{{\textbf {B}}}_X, d_H)\) are described. It has been established that the space \((\bar{{\textbf {B}}}_X, d_H)\) has such properties as discreteness, local finiteness, metrical discreteness, completeness, compactness, and local compactness if and only if the space \((X, d)\) has those properties. Necessary and sufficient conditions for the separability of the space \((\bar{{\textbf {B}}}_X, d_H)\) have also been proved.