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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $158.13 and last traded at $158.5480, with a volume of 534192 shares traded. The stock had previously closed at $154.55.

ProShares UltraPro S&P 500 Stock Up 1.8%

The company has a 50 day simple moving average of $142.02 and a 200-day simple moving average of $127.67. The stock has a market cap of $5.78 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Westmount Partners LLC increased its holdings in shares of ProShares UltraPro S&P 500 by 1.3% during the first quarter. Westmount Partners LLC now owns 8,486 shares of the company’s stock valued at $823,000 after purchasing an additional 109 shares during the period. Farther Finance Advisors LLC lifted its holdings in ProShares UltraPro S&P 500 by 4.6% in the fourth quarter. Farther Finance Advisors LLC now owns 3,193 shares of the company’s stock worth $370,000 after purchasing an additional 141 shares during the period. O Shaughnessy Asset Management LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at about $28,000. Kestra Advisory Services LLC bought a new position in ProShares UltraPro S&P 500 in the 4th quarter valued at about $28,000. Finally, World Investment Advisors increased its stake in ProShares UltraPro S&P 500 by 3.1% during the 4th quarter. World Investment Advisors now owns 9,179 shares of the company’s stock valued at $1,031,000 after buying an additional 274 shares during the period.

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.