ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sets New 52-Week High – Should You Buy?

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $141.03 and last traded at $140.09, with a volume of 2639878 shares changing hands. The stock had previously closed at $139.22.

ProShares UltraPro S&P 500 Stock Performance

The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02. The company’s 50 day moving average is $112.89 and its 200 day moving average is $115.23.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

Several large investors have recently bought and sold shares of UPRO. O Shaughnessy Asset Management LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter valued at $28,000. Kestra Advisory Services LLC acquired a new stake in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at about $28,000. Optiver Holding B.V. bought a new stake in ProShares UltraPro S&P 500 in the third quarter valued at about $37,000. Federation des caisses Desjardins du Quebec increased its stake in ProShares UltraPro S&P 500 by 465.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after acquiring an additional 326 shares during the period. Finally, Bank of America Corp DE acquired a new position in ProShares UltraPro S&P 500 in the second quarter worth about $90,000.

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.