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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $122.85 and last traded at $121.8830, with a volume of 882778 shares traded. The stock had previously closed at $121.67.

ProShares UltraPro S&P 500 Trading Down 0.1%

The company has a 50 day moving average of $116.84 and a 200 day moving average of $109.89. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

Several institutional investors have recently added to or reduced their stakes in UPRO. Optiver Holding B.V. acquired a new stake in shares of ProShares UltraPro S&P 500 during the third quarter worth approximately $37,000. Allworth Financial LP increased its holdings in ProShares UltraPro S&P 500 by 96.6% during the 2nd quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $57,000 after purchasing an additional 308 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new position in ProShares UltraPro S&P 500 in the 2nd quarter valued at $64,000. Bank of America Corp DE acquired a new position in ProShares UltraPro S&P 500 in the second quarter worth $90,000. Finally, Spire Wealth Management acquired a new stake in shares of ProShares UltraPro S&P 500 in the second quarter valued at $101,000.

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.