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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) shares hit 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 traded. The stock had previously closed at $146.32.

ProShares UltraPro S&P 500 Price Performance

The stock has a 50 day moving average price of $141.54 and a two-hundred day moving average price of $126.39. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Turner Capital Investments LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at about $60,838,000. IMC Chicago LLC bought a new stake in ProShares UltraPro S&P 500 during the first quarter worth about $3,215,000. T3 Companies LLC acquired a new position in ProShares UltraPro S&P 500 during the fourth quarter valued at approximately $494,000. Revere Asset Management Inc boosted its position in ProShares UltraPro S&P 500 by 8.6% during the fourth quarter. Revere Asset Management Inc now owns 197,317 shares of the company’s stock valued at $22,841,000 after purchasing an additional 15,655 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in ProShares UltraPro S&P 500 in the fourth quarter valued at approximately $873,000.

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.