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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $96.67 and last traded at $96.38, with a volume of 3164845 shares traded. The stock had previously closed at $94.86.

ProShares UltraPro S&P 500 Trading Up 1.6 %

The firm has a fifty day moving average price of $88.15 and a 200-day moving average price of $80.25.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

Several hedge funds and other institutional investors have recently modified their holdings of UPRO. RPg Family Wealth Advisory LLC purchased a new stake in ProShares UltraPro S&P 500 during the third quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the third quarter valued at about $54,000. Farther Finance Advisors LLC acquired a new position in ProShares UltraPro S&P 500 during the 3rd quarter worth approximately $60,000. ORG Partners LLC acquired a new stake in ProShares UltraPro S&P 500 in the second quarter valued at approximately $84,000. Finally, Hantz Financial Services Inc. acquired a new stake in ProShares UltraPro S&P 500 during the 2nd quarter valued at approximately $93,000.

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.