Genesee Capital Advisors LLC Buys 8,750 Shares of ProShares UltraPro S&P 500 $UPRO

Genesee Capital Advisors LLC bought a new stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,750 shares of the company’s stock, valued at approximately $1,286,000.

Several other hedge funds also recently added to or reduced their stakes in UPRO. Revere Asset Management Inc boosted its holdings in ProShares UltraPro S&P 500 by 116.3% in the second quarter. Revere Asset Management Inc now owns 393,443 shares of the company’s stock worth $55,786,000 after acquiring an additional 211,506 shares in the last quarter. Spectrum Financial Alliance Ltd LLC raised its position in shares of ProShares UltraPro S&P 500 by 3.4% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock valued at $12,598,000 after purchasing an additional 4,306 shares during the last quarter. Turner Capital Investments LLC purchased a new position in shares of ProShares UltraPro S&P 500 in the 3rd quarter valued at approximately $10,248,000. R2 Capital Strategies LLC raised its position in shares of ProShares UltraPro S&P 500 by 7.7% in the 3rd quarter. R2 Capital Strategies LLC now owns 30,602 shares of the company’s stock valued at $4,498,000 after purchasing an additional 2,187 shares during the last quarter. Finally, Encompass More Asset Management boosted its stake in ProShares UltraPro S&P 500 by 8.6% in the 3rd quarter. Encompass More Asset Management now owns 23,320 shares of the company’s stock worth $3,427,000 after purchasing an additional 1,842 shares in the last quarter.

ProShares UltraPro S&P 500 Stock Performance

UPRO stock traded up $1.20 during trading on Tuesday, reaching $149.47. The company had a trading volume of 1,294,871 shares, compared to its average volume of 3,140,942. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a twelve month low of $88.14 and a twelve month high of $158.63. The firm has a 50-day simple moving average of $150.70 and a 200-day simple moving average of $140.97.

ProShares UltraPro S&P 500 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.