ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Stock Price Up 3.1% – Here’s What Happened

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

ProShares UltraPro S&P 500 Price Performance

The stock’s 50 day moving average is $145.87 and its 200-day moving average is $131.40. The company has a market capitalization of $5.65 billion, a P/E ratio of 28.62 and a beta of 3.02.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Several hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new stake in ProShares UltraPro S&P 500 in the fourth quarter worth $28,000. Kestra Advisory Services LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at $28,000. Federation des caisses Desjardins du Quebec grew its position in shares of 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 buying an additional 326 shares during the period. EFG International AG purchased a new stake in shares of ProShares UltraPro S&P 500 in the 4th quarter worth about $110,000. Finally, Bank of America Corp DE bought a new position in shares of ProShares UltraPro S&P 500 in the 2nd quarter worth about $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.