Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) rose 3.1% on Thursday . The company traded as high as $154.30 and last traded at $153.73. 1,888,794 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 3,382,789 shares. The stock had previously closed at $149.14.
ProShares UltraPro S&P 500 Stock Performance
The firm’s 50 day moving average is $146.26 and its two-hundred day moving average is $131.55. The stock has a market capitalization of $5.58 billion, a PE ratio of 28.62 and a beta of 3.02.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in ProShares UltraPro S&P 500 by 8,796.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,117 shares of the company’s stock worth $2,937,000 after purchasing an additional 31,756 shares during the last quarter. Spectrum Financial Alliance Ltd LLC grew its position in shares of ProShares UltraPro S&P 500 by 185.4% during the second quarter. Spectrum Financial Alliance Ltd LLC now owns 83,958 shares of the company’s stock worth $8,234,000 after buying an additional 54,541 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of ProShares UltraPro S&P 500 during the second quarter worth approximately $90,000. Group One Trading LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the second quarter worth $1,783,000. Finally, Corient Private Wealth LLC raised its holdings in ProShares UltraPro S&P 500 by 31.1% in the second quarter. Corient Private Wealth LLC now owns 24,907 shares of the company’s stock valued at $2,277,000 after acquiring an additional 5,912 shares in the last quarter.
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.
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