ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Short Interest Up 115.1% in April

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 2,006,984 shares, a growth of 115.1% from the April 15th total of 933,049 shares. Based on an average trading volume of 3,566,930 shares, the short-interest ratio is presently 0.6 days. Approximately 5.5% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at about $28,000. Kestra Advisory Services LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the fourth quarter valued at approximately $28,000. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro S&P 500 during the third quarter valued at approximately $37,000. Federation des caisses Desjardins du Quebec increased its position in shares of 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 valued at $46,000 after purchasing an additional 326 shares during the period. Finally, Physician Wealth Advisors Inc. increased its position in shares of ProShares UltraPro S&P 500 by 11.6% during the third quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock valued at $105,000 after purchasing an additional 98 shares during the period.

ProShares UltraPro S&P 500 Price Performance

Shares of UPRO stock traded down $5.37 during trading on Friday, reaching $139.73. The company had a trading volume of 3,086,714 shares, compared to its average volume of 4,256,957. The firm’s 50 day simple moving average is $115.06 and its two-hundred day simple moving average is $116.01. The company has a market capitalization of $5.10 billion, a PE ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a one year low of $74.48 and a one year high of $145.93.

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.