IMC Chicago LLC Invests $3.21 Million in ProShares UltraPro S&P 500 $UPRO

IMC Chicago LLC purchased a new stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 33,148 shares of the company’s stock, valued at approximately $3,215,000.

Several other large investors have also made changes to their positions in UPRO. O Shaughnessy Asset Management LLC acquired a new position in ProShares UltraPro S&P 500 in the fourth quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in ProShares UltraPro S&P 500 in the fourth quarter valued at approximately $28,000. Federation des caisses Desjardins du Quebec lifted its stake in ProShares UltraPro S&P 500 by 465.7% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock valued at $46,000 after acquiring an additional 326 shares during the last quarter. Bank of America Corp DE bought a new stake in ProShares UltraPro S&P 500 in the second quarter worth approximately $90,000. Finally, EFG International AG bought a new stake in ProShares UltraPro S&P 500 in the fourth quarter worth approximately $110,000.

ProShares UltraPro S&P 500 Stock Up 1.1%

Shares of UPRO opened at $145.87 on Thursday. The company’s fifty day moving average is $141.64 and its 200-day moving average is $124.11. ProShares UltraPro S&P 500 has a 12 month low of $88.14 and a 12 month high of $151.41. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02.

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.