Safe Harbor Fiduciary LLC Reduces Stock Position in ProShares UltraPro S&P 500 $UPRO

Safe Harbor Fiduciary LLC trimmed its holdings in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 98.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 423 shares of the company’s stock after selling 21,761 shares during the period. Safe Harbor Fiduciary LLC’s holdings in ProShares UltraPro S&P 500 were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ellis Investment Partners LLC boosted its stake in ProShares UltraPro S&P 500 by 5.1% during the 2nd quarter. Ellis Investment Partners LLC now owns 10,205 shares of the company’s stock valued at $933,000 after acquiring an additional 498 shares during the last quarter. Silverleafe Capital Partners LLC raised its stake in shares of ProShares UltraPro S&P 500 by 85.1% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 5,847 shares of the company’s stock valued at $535,000 after purchasing an additional 2,688 shares in the last quarter. HC Advisors LLC bought a new position in shares of ProShares UltraPro S&P 500 during the second quarter worth about $245,000. Axxcess Wealth Management LLC grew its stake in ProShares UltraPro S&P 500 by 2,778.3% in the second quarter. Axxcess Wealth Management LLC now owns 182,914 shares of the company’s stock worth $16,726,000 after purchasing an additional 176,559 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in ProShares UltraPro S&P 500 in the first quarter worth about $3,714,000.

ProShares UltraPro S&P 500 Stock Up 2.0%

Shares of ProShares UltraPro S&P 500 stock opened at $115.32 on Thursday. The business has a 50-day moving average price of $112.34 and a 200 day moving average price of $99.44. ProShares UltraPro S&P 500 has a fifty-two week low of $45.88 and a fifty-two week high of $122.19. The firm has a market cap of $4.94 billion, a P/E ratio of 28.62 and a beta of 3.03.

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.