ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Hits New 12-Month High – What’s Next?

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 changing hands. The stock had previously closed at $146.32.

ProShares UltraPro S&P 500 Price Performance

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

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC bought a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at approximately $28,000. Kestra Advisory Services LLC bought a new position in ProShares UltraPro S&P 500 during the fourth quarter valued at $28,000. Federation des caisses Desjardins du Quebec lifted its holdings 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 acquiring an additional 326 shares during the last quarter. Bank of America Corp DE purchased a new stake in ProShares UltraPro S&P 500 in the 2nd quarter worth about $90,000. Finally, EFG International AG bought a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at $110,000.

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.