ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sets New 12-Month High – Here’s What Happened

ProShares UltraPro S&P 500 (NYSEARCA:UPROGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $141.03 and last traded at $140.09, with a volume of 2639878 shares trading hands. The stock had previously closed at $139.22.

ProShares UltraPro S&P 500 Stock Up 1.6%

The company has a market capitalization of $5.18 billion, a P/E ratio of 28.62 and a beta of 3.02. The firm has a 50-day moving average price of $113.90 and a two-hundred day moving average price of $115.63.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in shares of ProShares UltraPro S&P 500 during the fourth quarter valued at about $28,000. Kestra Advisory Services LLC bought a new stake in ProShares UltraPro S&P 500 during the 4th quarter worth approximately $28,000. Optiver Holding B.V. bought a new position in ProShares UltraPro S&P 500 in the 3rd quarter worth approximately $37,000. Federation des caisses Desjardins du Quebec boosted its stake in ProShares UltraPro S&P 500 by 465.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after acquiring an additional 326 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in ProShares UltraPro S&P 500 in the second quarter valued at about $90,000.

About ProShares UltraPro S&P 500

(Get Free Report)

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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