ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Reaches New 52-Week High – Time to Buy?

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) reached a new 52-week high on Tuesday . The stock traded as high as $112.63 and last traded at $112.39, with a volume of 2939192 shares changing hands. The stock had previously closed at $110.81.

ProShares UltraPro S&P 500 Stock Up 1.4%

The firm has a market cap of $5.39 billion, a PE ratio of 28.62 and a beta of 3.08. The firm has a 50-day moving average price of $100.75 and a two-hundred day moving average price of $84.76.

Institutional Investors Weigh In On ProShares UltraPro S&P 500

Several hedge funds and other institutional investors have recently made changes to their positions in UPRO. Discipline Wealth Solutions LLC increased its holdings in shares of ProShares UltraPro S&P 500 by 47.4% in the fourth quarter. Discipline Wealth Solutions LLC now owns 7,333 shares of the company’s stock valued at $650,000 after purchasing an additional 2,359 shares during the last quarter. Kwmg LLC increased its holdings in shares of ProShares UltraPro S&P 500 by 7.6% in the first quarter. Kwmg LLC now owns 5,518 shares of the company’s stock valued at $408,000 after purchasing an additional 390 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the first quarter valued at approximately $15,528,000. Erickson Financial Group LLC increased its holdings in shares of ProShares UltraPro S&P 500 by 6.1% in the first quarter. Erickson Financial Group LLC now owns 8,184 shares of the company’s stock valued at $605,000 after purchasing an additional 474 shares during the last quarter. Finally, Silverleafe Capital Partners LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the first quarter valued at approximately $233,000.

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.