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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $151.88 and last traded at $152.0180, with a volume of 1339268 shares. The stock had previously closed at $146.32.

ProShares UltraPro S&P 500 Price Performance

The firm’s 50 day moving average is $141.23 and its 200 day moving average is $125.92. The company has a market cap of $5.71 billion, a PE ratio of 28.62 and a beta of 3.02.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

Institutional investors and hedge funds have recently bought and sold shares of the stock. Turner Capital Investments LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the 4th quarter worth about $60,838,000. BXM Wealth LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the fourth quarter worth $23,340,000. Revere Asset Management Inc purchased a new position in shares of ProShares UltraPro S&P 500 in the third quarter worth approximately $20,253,000. Spectrum Financial Alliance Ltd LLC lifted its position in ProShares UltraPro S&P 500 by 185.4% during the second quarter. Spectrum Financial Alliance Ltd LLC now owns 83,958 shares of the company’s stock valued at $8,234,000 after purchasing an additional 54,541 shares in the last quarter. Finally, IMC Chicago LLC bought a new stake in ProShares UltraPro S&P 500 during the 1st quarter worth approximately $3,215,000.

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.