ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Reaches New 52-Week High – What’s Next?

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

ProShares UltraPro S&P 500 Trading Down 0.1%

The firm has a market capitalization of $4.93 billion, a P/E ratio of 28.62 and a beta of 3.03. The business has a 50 day moving average of $116.84 and a 200-day moving average of $109.89.

Institutional Trading of ProShares UltraPro S&P 500

Several hedge funds and other institutional investors have recently modified their holdings of the company. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro S&P 500 in the third quarter valued at about $37,000. Allworth Financial LP lifted its stake in ProShares UltraPro S&P 500 by 96.6% in the 2nd quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $57,000 after acquiring an additional 308 shares in the last quarter. Legacy Wealth Managment LLC ID acquired a new position in ProShares UltraPro S&P 500 during the 2nd quarter worth approximately $64,000. Physician Wealth Advisors Inc. grew its stake in shares of ProShares UltraPro S&P 500 by 11.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 944 shares of the company’s stock worth $105,000 after acquiring an additional 98 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of ProShares UltraPro S&P 500 in the second quarter valued at approximately $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.