Stone House Investment Management LLC Acquires New Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Stone House Investment Management LLC bought a new position in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,231 shares of the company’s stock, valued at approximately $1,140,000. ProShares UltraPro S&P 500 comprises about 0.2% of Stone House Investment Management LLC’s holdings, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPRO. IMC Chicago LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the third quarter worth $83,436,000. Tidal Investments LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the first quarter worth $8,197,000. Sollinda Capital Management LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the second quarter worth $5,403,000. Axxcess Wealth Management LLC grew its stake in shares of ProShares UltraPro S&P 500 by 603.2% in the second quarter. Axxcess Wealth Management LLC now owns 57,540 shares of the company’s stock worth $4,421,000 after purchasing an additional 49,357 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the second quarter worth $2,082,000.

ProShares UltraPro S&P 500 Stock Performance

Shares of ProShares UltraPro S&P 500 stock traded down $0.73 during trading on Wednesday, hitting $95.65. The company’s stock had a trading volume of 881,706 shares, compared to its average volume of 5,168,507. ProShares UltraPro S&P 500 has a 52 week low of $47.61 and a 52 week high of $96.67. The stock has a 50-day moving average price of $88.15 and a two-hundred day moving average price of $80.25.

About ProShares UltraPro S&P 500

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.