ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $149.91 and traded as high as $151.64. ProShares UltraPro S&P 500 shares last traded at $151.14, with a volume of 1,699,328 shares traded.
ProShares UltraPro S&P 500 Price Performance
The stock has a market capitalization of $5.56 billion, a P/E ratio of 28.62 and a beta of 3.03. The firm has a 50-day simple moving average of $149.91 and a 200 day simple moving average of $133.39.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Hickory Point Bank & Trust raised its stake in shares of ProShares UltraPro S&P 500 by 6.4% during the third quarter. Hickory Point Bank & Trust now owns 5,222 shares of the company’s stock valued at $767,000 after acquiring an additional 314 shares during the last quarter. Signaturefd LLC acquired a new position in shares of ProShares UltraPro S&P 500 during the third quarter worth $84,000. Nicholas Hoffman & Company LLC. lifted its holdings in shares of ProShares UltraPro S&P 500 by 25.5% during the first quarter. Nicholas Hoffman & Company LLC. now owns 3,610 shares of the company’s stock worth $350,000 after purchasing an additional 733 shares during the period. Westmount Partners LLC grew its stake in shares of ProShares UltraPro S&P 500 by 10.4% in the second quarter. Westmount Partners LLC now owns 9,370 shares of the company’s stock worth $1,329,000 after purchasing an additional 884 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of ProShares UltraPro S&P 500 in the second quarter worth $232,000.
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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