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

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $122.28 and last traded at $122.2230, with a volume of 3552915 shares. The stock had previously closed at $119.36.

ProShares UltraPro S&P 500 Trading Up 1.9%

The firm has a market cap of $4.88 billion, a P/E ratio of 28.62 and a beta of 3.03. The company’s fifty day moving average price is $115.42 and its two-hundred day moving average price is $107.08.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Great Oak Capital Partners LLC acquired a new stake in ProShares UltraPro S&P 500 during the 4th quarter valued at $205,000. Innova Wealth Partners acquired a new stake in shares of ProShares UltraPro S&P 500 in the third quarter valued at $258,000. Revere Asset Management Inc bought a new position in shares of ProShares UltraPro S&P 500 in the third quarter valued at about $20,253,000. Qube Research & Technologies Ltd bought a new position in shares of ProShares UltraPro S&P 500 in the third quarter valued at about $428,000. Finally, Mariner LLC lifted its position in ProShares UltraPro S&P 500 by 38.8% during the 3rd quarter. Mariner LLC now owns 12,588 shares of the company’s stock worth $1,403,000 after buying an additional 3,522 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.