Short Interest in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Rises By 115.1%

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,006,984 shares, a growth of 115.1% from the April 15th total of 933,049 shares. Approximately 5.5% of the shares of the company are short sold. Based on an average daily volume of 3,566,930 shares, the short-interest ratio is presently 0.6 days.

ProShares UltraPro S&P 500 Stock Performance

NYSEARCA UPRO opened at $139.73 on Friday. ProShares UltraPro S&P 500 has a one year low of $74.48 and a one year high of $145.93. The company has a 50-day simple moving average of $115.06 and a 200-day simple moving average of $116.01. The firm has a market capitalization of $5.10 billion, a PE ratio of 28.62 and a beta of 3.02.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in shares of ProShares UltraPro S&P 500 during the first quarter valued at approximately $2,819,000. Independent Financial Group LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the 1st quarter worth approximately $1,962,000. IMC Chicago LLC acquired a new position in ProShares UltraPro S&P 500 during the 1st quarter valued at approximately $3,215,000. Calamos Advisors LLC bought a new position in ProShares UltraPro S&P 500 during the 1st quarter worth $442,000. Finally, Spectrum Financial Alliance Ltd LLC grew its stake in ProShares UltraPro S&P 500 by 3.4% during the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock worth $12,598,000 after buying an additional 4,306 shares during the last quarter.

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.