ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Reaches New 1-Year Low – What’s Next?

Shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $57.58 and last traded at $57.12, with a volume of 4098653 shares trading hands. The stock had previously closed at $65.13.

ProShares UltraPro S&P 500 Stock Down 17.4 %

The business has a 50 day simple moving average of $85.24 and a 200-day simple moving average of $88.93. The company has a market capitalization of $2.57 billion, a P/E ratio of 21.87 and a beta of 3.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UPRO. Variant Private Wealth LLC bought a new stake in shares of ProShares UltraPro S&P 500 during the fourth quarter valued at approximately $6,025,000. Simplex Trading LLC bought a new stake in ProShares UltraPro S&P 500 during the 4th quarter valued at $5,485,000. Main Street Group LTD raised its stake in ProShares UltraPro S&P 500 by 0.7% during the 4th quarter. Main Street Group LTD now owns 43,274 shares of the company’s stock valued at $3,836,000 after acquiring an additional 284 shares in the last quarter. JPMorgan Chase & Co. boosted its position in ProShares UltraPro S&P 500 by 24.1% during the 4th quarter. JPMorgan Chase & Co. now owns 41,932 shares of the company’s stock worth $3,717,000 after acquiring an additional 8,133 shares during the period. Finally, Millington Financial Advisors LLC grew its stake in shares of ProShares UltraPro S&P 500 by 1.1% in the fourth quarter. Millington Financial Advisors LLC now owns 32,149 shares of the company’s stock worth $2,977,000 after purchasing an additional 338 shares in 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.