ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) shares rose 2% during mid-day trading on Monday. The company traded as high as $154.90 and last traded at $153.89. 2,009,869 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 3,214,948 shares. The stock had previously closed at $150.88.
ProShares UltraPro S&P 500 Trading Up 2.0%
The company has a market capitalization of $5.54 billion, a P/E ratio of 28.62 and a beta of 3.03. The business’s 50-day simple moving average is $149.39 and its 200 day simple moving average is $137.06.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in UPRO. Legacy Wealth Managment LLC ID bought a new stake in ProShares UltraPro S&P 500 during the second quarter worth approximately $232,000. Financial Insights Inc. bought a new position in ProShares UltraPro S&P 500 during the 2nd quarter valued at $319,000. Nicholas Hoffman & Company LLC. increased its position in shares of ProShares UltraPro S&P 500 by 25.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,610 shares of the company’s stock valued at $350,000 after purchasing an additional 733 shares during the period. T3 Companies LLC acquired a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at $494,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of ProShares UltraPro S&P 500 in the 2nd quarter worth $619,000.
ProShares UltraPro S&P 500 Company Profile
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.
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