ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Reaches New 12-Month High – Should You Buy?

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) reached a new 52-week high during trading on Wednesday . The company traded as high as $135.01 and last traded at $135.0090, with a volume of 788122 shares traded. The stock had previously closed at $131.85.

ProShares UltraPro S&P 500 Stock Performance

The stock has a 50-day moving average of $111.15 and a 200-day moving average of $114.46. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

A number of hedge funds and other institutional investors have recently bought and sold shares of UPRO. O Shaughnessy Asset Management LLC acquired a new stake in ProShares UltraPro S&P 500 in the 4th quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter worth approximately $28,000. Optiver Holding B.V. acquired a new position in shares of ProShares UltraPro S&P 500 during the 3rd quarter worth approximately $37,000. Federation des caisses Desjardins du Quebec increased its position in shares of ProShares UltraPro S&P 500 by 465.7% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 396 shares of the company’s stock worth $46,000 after purchasing an additional 326 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of ProShares UltraPro S&P 500 during 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.