ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sets New 1-Year High – Here’s What Happened

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $86.74 and last traded at $86.67, with a volume of 1398988 shares traded. The stock had previously closed at $85.53.

ProShares UltraPro S&P 500 Price Performance

The firm’s 50-day moving average is $78.88 and its 200-day moving average is $74.40.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Several hedge funds and other institutional investors have recently made changes to their positions in UPRO. ORG Partners LLC acquired a new position in ProShares UltraPro S&P 500 during the 2nd quarter valued at about $84,000. Hantz Financial Services Inc. bought a new stake in ProShares UltraPro S&P 500 during the second quarter worth $93,000. PNC Financial Services Group Inc. purchased a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at $103,000. Nicholas Hoffman & Company LLC. bought a new position in ProShares UltraPro S&P 500 during the 2nd quarter valued at $206,000. Finally, PFG Investments LLC purchased a new position in ProShares UltraPro S&P 500 during the 2nd quarter worth $210,000.

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.