ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Share Price Cross Below 200-Day Moving Average – Here’s Why

ProShares UltraPro S&P 500 (NYSEARCA:UPRO)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $133.99 and traded as low as $127.65. ProShares UltraPro S&P 500 shares last traded at $127.87, with a volume of 7,167,659 shares.

ProShares UltraPro S&P 500 Trading Up 0.8%

The stock has a fifty day moving average price of $148.36 and a 200 day moving average price of $134.07. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 28.62 and a beta of 3.02.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Diversified Trust Co acquired a new stake in shares of ProShares UltraPro S&P 500 during the 3rd quarter worth approximately $6,320,000. AlphaCore Capital LLC acquired a new position in shares of ProShares UltraPro S&P 500 in the third quarter valued at $631,000. StoneX Group Inc. bought a new position in ProShares UltraPro S&P 500 in the third quarter worth $1,339,000. Ashton Thomas Private Wealth LLC lifted its position in ProShares UltraPro S&P 500 by 3.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,738 shares of the company’s stock worth $696,000 after purchasing an additional 163 shares during the period. Finally, Calamos Wealth Management LLC bought a new position in ProShares UltraPro S&P 500 in the third quarter worth $670,000.

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.