ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) 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.
ProShares UltraPro S&P 500 Stock Performance
The business has a 50-day moving average of $148.84 and a 200-day moving average of $133.99. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Revere Asset Management Inc boosted its stake in ProShares UltraPro S&P 500 by 116.3% during the second quarter. Revere Asset Management Inc now owns 393,443 shares of the company’s stock worth $55,786,000 after buying an additional 211,506 shares during the period. Spectrum Financial Alliance Ltd LLC increased its position in shares of ProShares UltraPro S&P 500 by 3.4% during the first quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock valued at $12,598,000 after acquiring an additional 4,306 shares during the last quarter. Turner Capital Investments LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the 3rd quarter valued at approximately $10,248,000. IMC Chicago LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the 1st quarter valued at approximately $3,215,000. Finally, R2 Capital Strategies LLC raised its stake in shares of ProShares UltraPro S&P 500 by 7.7% in the 3rd quarter. R2 Capital Strategies LLC now owns 30,602 shares of the company’s stock valued at $4,498,000 after acquiring an additional 2,187 shares during the period.
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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