ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Share Price Cross Below Two Hundred Day Moving Average – Here’s What Happened

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $133.99 and traded as low as $127.65. ProShares UltraPro S&P 500 shares last traded at $127.87, with a volume of 7,167,659 shares changing hands.

ProShares UltraPro S&P 500 Trading Down 13.2%

The company has a fifty day simple moving average of $148.84 and a 200-day simple moving average of $133.99. The company has a market capitalization of $4.71 billion, a PE ratio of 28.62 and a beta of 3.02.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

A number of hedge funds have recently modified their holdings of UPRO. AlphaCore Capital LLC acquired a new stake in shares of ProShares UltraPro S&P 500 during the 3rd quarter worth approximately $631,000. StoneX Group Inc. purchased a new stake in shares of ProShares UltraPro S&P 500 during the 3rd quarter valued at approximately $1,339,000. Ashton Thomas Private Wealth LLC raised its position in shares of ProShares UltraPro S&P 500 by 3.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,738 shares of the company’s stock valued at $696,000 after buying an additional 163 shares during the period. Calamos Wealth Management LLC acquired a new position in ProShares UltraPro S&P 500 in the third quarter valued at approximately $670,000. Finally, SYM FINANCIAL Corp purchased a new position in ProShares UltraPro S&P 500 in the third quarter worth approximately $690,000.

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.