ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) shot up 18.4% during trading on Wednesday . The stock traded as high as $58.86 and last traded at $59.95. 12,588,024 shares traded hands during mid-day trading, an increase of 158% from the average session volume of 4,874,693 shares. The stock had previously closed at $50.65.
ProShares UltraPro S&P 500 Price Performance
The firm has a 50-day moving average of $80.06 and a 200-day moving average of $87.61. The stock has a market cap of $2.92 billion, a PE ratio of 21.87 and a beta of 3.03.
Institutional Investors Weigh In On ProShares UltraPro S&P 500
Several hedge funds and other institutional investors have recently modified their holdings of the business. Blair William & Co. IL purchased a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter valued at $135,000. JPMorgan Chase & Co. lifted its stake in ProShares UltraPro S&P 500 by 103.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,799 shares of the company’s stock valued at $2,913,000 after acquiring an additional 17,170 shares during the period. Koshinski Asset Management Inc. boosted its holdings in ProShares UltraPro S&P 500 by 8.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,793 shares of the company’s stock valued at $248,000 after purchasing an additional 212 shares during the last quarter. Simplex Trading LLC acquired a new stake in ProShares UltraPro S&P 500 during the fourth quarter worth about $5,485,000. Finally, Variant Private Wealth LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 4th quarter valued at $6,025,000.
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.
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