ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sees Large Drop in Short Interest

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,248,033 shares, a decline of 53.0% from the December 15th total of 2,654,817 shares. Based on an average trading volume of 3,233,175 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.1% of the company’s shares are short sold. Currently, 3.1% of the company’s shares are short sold. Based on an average trading volume of 3,233,175 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraPro S&P 500 Stock Down 1.4%

NYSEARCA UPRO traded down $1.76 on Wednesday, hitting $119.67. The company’s stock had a trading volume of 4,973,358 shares, compared to its average volume of 4,006,542. The firm has a market cap of $4.78 billion, a PE ratio of 28.62 and a beta of 3.03. The company’s 50-day moving average is $115.70 and its 200 day moving average is $108.08. ProShares UltraPro S&P 500 has a 1-year low of $45.88 and a 1-year high of $122.71.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

A number of institutional investors have recently made changes to their positions in UPRO. Optiver Holding B.V. bought a new position in shares of ProShares UltraPro S&P 500 during the third quarter worth about $37,000. Allworth Financial LP increased its position in ProShares UltraPro S&P 500 by 96.6% during the 2nd quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $57,000 after purchasing an additional 308 shares during the period. Legacy Wealth Managment LLC ID bought a new position in ProShares UltraPro S&P 500 during the 2nd quarter worth approximately $64,000. Physician Wealth Advisors Inc. raised its holdings in ProShares UltraPro S&P 500 by 100.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 846 shares of the company’s stock worth $77,000 after purchasing an additional 424 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of ProShares UltraPro S&P 500 in the 2nd quarter worth approximately $90,000.

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.