ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Trading 3.1% Higher – Here’s What Happened

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) shares shot up 3.1% during trading on Thursday . The stock traded as high as $154.30 and last traded at $153.73. Approximately 1,888,794 shares were traded during mid-day trading, a decline of 44% from the average session volume of 3,382,789 shares. The stock had previously closed at $149.14.

ProShares UltraPro S&P 500 Stock Performance

The business has a 50 day moving average price of $145.87 and a two-hundred day moving average price of $131.40. The company has a market cap of $5.65 billion, a P/E ratio of 28.62 and a beta of 3.02.

Institutional Trading of ProShares UltraPro S&P 500

Institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC bought a new position in shares of ProShares UltraPro S&P 500 in the fourth quarter worth approximately $28,000. Kestra Advisory Services LLC purchased a new stake in ProShares UltraPro S&P 500 during the 4th quarter valued at $28,000. Federation des caisses Desjardins du Quebec grew its holdings in ProShares UltraPro S&P 500 by 465.7% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock worth $46,000 after acquiring an additional 326 shares during the last quarter. Bank of America Corp DE bought a new stake in ProShares UltraPro S&P 500 in the 2nd quarter worth $90,000. Finally, EFG International AG purchased a new position in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at about $110,000.

About ProShares UltraPro S&P 500

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.