ProShares Large Cap Core Plus (BATS:CSM) Sets New 12-Month High – Here’s Why

Shares of ProShares Large Cap Core Plus (BATS:CSM) hit a new 52-week high on Tuesday . The stock traded as high as $83.15 and last traded at $83.07, with a volume of 2698 shares traded. The stock had previously closed at $82.30.

ProShares Large Cap Core Plus Trading Down 0.3%

The firm has a market capitalization of $531.66 million, a P/E ratio of 20.56 and a beta of 1.02. The firm has a 50-day moving average of $78.48 and a two-hundred day moving average of $78.80.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new position in ProShares Large Cap Core Plus in the fourth quarter valued at about $25,000. JPMorgan Chase & Co. bought a new position in ProShares Large Cap Core Plus in the second quarter valued at about $26,000. Sequent Planning LLC bought a new position in ProShares Large Cap Core Plus in the fourth quarter valued at about $212,000. Stratos Wealth Partners LTD. bought a new position in ProShares Large Cap Core Plus in the fourth quarter valued at about $243,000. Finally, Wealth Effects LLC bought a new position in ProShares Large Cap Core Plus in the third quarter valued at about $245,000.

About ProShares Large Cap Core Plus

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.