ProShares Large Cap Core Plus (BATS:CSM) Reaches New 1-Year High – What’s Next?

ProShares Large Cap Core Plus (BATS:CSM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $80.88 and last traded at $80.88, with a volume of 951 shares traded. The stock had previously closed at $80.64.

ProShares Large Cap Core Plus Stock Performance

The business has a 50-day simple moving average of $77.61 and a two-hundred day simple moving average of $78.24. The company has a market capitalization of $510.32 million, a price-to-earnings ratio of 20.56 and a beta of 1.02.

Institutional Trading of ProShares Large Cap Core Plus

A number of hedge funds have recently added to or reduced their stakes in CSM. Manchester Financial Inc. lifted its position in ProShares Large Cap Core Plus by 119.1% during the 3rd quarter. Manchester Financial Inc. now owns 30,006 shares of the company’s stock worth $2,298,000 after acquiring an additional 16,311 shares during the period. CreativeOne Wealth LLC acquired a new stake in ProShares Large Cap Core Plus during the 4th quarter worth approximately $1,196,000. Elmwood Wealth Management Inc. acquired a new stake in ProShares Large Cap Core Plus during the 4th quarter worth approximately $1,106,000. Patten Group Inc. lifted its position in ProShares Large Cap Core Plus by 78.7% during the 4th quarter. Patten Group Inc. now owns 24,066 shares of the company’s stock worth $1,918,000 after acquiring an additional 10,599 shares during the period. Finally, Royal Bank of Canada lifted its position in ProShares Large Cap Core Plus by 57.1% during the 1st quarter. Royal Bank of Canada now owns 25,594 shares of the company’s stock worth $1,631,000 after acquiring an additional 9,298 shares during the period.

ProShares Large Cap Core Plus Company Profile

The ProShares Large Cap Core Plus (CSM) is an exchange-traded fund that is based on the Credit Suisse 130\u002F30 Large Cap index. The fund tracks a long\u002Fshort index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. CSM was launched on Jul 14, 2009 and is managed by ProShares.