Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) saw an uptick in trading volume on Friday . 5,014,956 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 5,159,375 shares.The stock last traded at $85.85 and had previously closed at $89.84.
ProShares UltraPro S&P 500 Stock Down 5.5 %
The stock has a 50 day simple moving average of $93.48 and a 200-day simple moving average of $85.12.
Hedge Funds Weigh In On ProShares UltraPro S&P 500
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in ProShares UltraPro S&P 500 in the 3rd quarter worth $60,000. SG Americas Securities LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the third quarter worth about $569,000. Edgestream Partners L.P. bought a new position in ProShares UltraPro S&P 500 during the second quarter valued at approximately $565,000. Axxcess Wealth Management LLC grew its holdings in ProShares UltraPro S&P 500 by 603.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 57,540 shares of the company’s stock valued at $4,421,000 after buying an additional 49,357 shares in the last quarter. Finally, Creative Planning increased its stake in ProShares UltraPro S&P 500 by 35.5% in the 2nd quarter. Creative Planning now owns 12,294 shares of the company’s stock worth $945,000 after acquiring an additional 3,220 shares during the last quarter.
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.
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