ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sets New 52-Week High – Here’s Why

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $91.62 and last traded at $91.50, with a volume of 1052409 shares changing hands. The stock had previously closed at $86.09.

ProShares UltraPro S&P 500 Trading Up 7.4 %

The business’s 50 day moving average is $83.90 and its two-hundred day moving average is $77.33.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

A number of institutional investors and hedge funds have recently modified their holdings of UPRO. Farther Finance Advisors LLC purchased a new stake in shares of ProShares UltraPro S&P 500 during the 3rd quarter worth about $60,000. GR Financial Group LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the 3rd quarter worth $470,000. IMC Chicago LLC acquired a new position in ProShares UltraPro S&P 500 in the 3rd quarter valued at $83,436,000. Strategic Blueprint LLC acquired a new position in ProShares UltraPro S&P 500 during the 3rd quarter worth $202,000. Finally, Ellis Investment Partners LLC grew its position in shares of ProShares UltraPro S&P 500 by 1.5% in the third quarter. Ellis Investment Partners LLC now owns 10,908 shares of the company’s stock valued at $940,000 after purchasing an additional 157 shares during the last quarter.

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.