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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) shares hit a new 52-week high during trading on Monday . The stock traded as high as $97.60 and last traded at $97.33, with a volume of 741491 shares. The stock had previously closed at $97.05.

ProShares UltraPro S&P 500 Price Performance

The firm has a 50-day moving average price of $89.23 and a 200 day moving average price of $81.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ellis Investment Partners LLC lifted its holdings in shares of ProShares UltraPro S&P 500 by 1.5% in the 3rd quarter. Ellis Investment Partners LLC now owns 10,908 shares of the company’s stock worth $940,000 after purchasing an additional 157 shares during the last quarter. PFG Investments LLC grew its holdings in shares of ProShares UltraPro S&P 500 by 10.1% in the 3rd quarter. PFG Investments LLC now owns 3,004 shares of the company’s stock worth $259,000 after acquiring an additional 276 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the 3rd quarter worth $26,000. Erickson Financial Group LLC grew its holdings in shares of ProShares UltraPro S&P 500 by 5.0% during the second quarter. Erickson Financial Group LLC now owns 6,971 shares of the company’s stock valued at $536,000 after buying an additional 335 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of ProShares UltraPro S&P 500 during the third quarter valued at $54,000.

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.