ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Hits New 12-Month High – Time to Buy?

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $127.07 and last traded at $126.8980, with a volume of 1809620 shares trading hands. The stock had previously closed at $124.16.

ProShares UltraPro S&P 500 Trading Up 1.9%

The business has a fifty day moving average price of $109.59 and a two-hundred day moving average price of $113.72. The firm has a market capitalization of $4.79 billion, a PE ratio of 28.62 and a beta of 3.00.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Institutional 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 in the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new stake in ProShares UltraPro S&P 500 in the third quarter valued at approximately $37,000. Federation des caisses Desjardins du Quebec lifted its stake in ProShares UltraPro S&P 500 by 465.7% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock worth $46,000 after purchasing an additional 326 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in ProShares UltraPro S&P 500 during the second quarter worth $90,000.

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.