ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Reaches New 52-Week High – Here’s Why

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) reached a new 52-week high during trading on Thursday . The company traded as high as $158.13 and last traded at $158.5480, with a volume of 534192 shares trading hands. The stock had previously closed at $154.55.

ProShares UltraPro S&P 500 Price Performance

The stock has a market cap of $5.78 billion, a P/E ratio of 28.62 and a beta of 3.02. The company has a fifty day moving average of $142.02 and a 200 day moving average of $127.67.

Institutional Trading of ProShares UltraPro S&P 500

Several institutional investors have recently modified their holdings of the company. Turner Capital Investments LLC acquired a new position in ProShares UltraPro S&P 500 during the fourth quarter worth about $60,838,000. Revere Asset Management Inc grew its stake in shares of ProShares UltraPro S&P 500 by 8.6% in the 4th quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock worth $22,841,000 after purchasing an additional 15,655 shares during the last quarter. Spectrum Financial Alliance Ltd LLC raised its holdings in shares of ProShares UltraPro S&P 500 by 3.4% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock worth $12,598,000 after purchasing an additional 4,306 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in ProShares UltraPro S&P 500 by 60.6% during the third quarter. Tower Research Capital LLC TRC now owns 43,613 shares of the company’s stock valued at $4,862,000 after purchasing an additional 16,460 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in ProShares UltraPro S&P 500 during the first quarter valued at approximately $3,215,000.

About ProShares UltraPro S&P 500

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.