ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sees Strong Trading Volume – Here’s What Happened

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) saw unusually-high trading volume on Friday . Approximately 5,014,956 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 5,159,375 shares.The stock last traded at $85.85 and had previously closed at $89.84.

ProShares UltraPro S&P 500 Price Performance

The company has a fifty day moving average price of $93.52 and a two-hundred day moving average price of $85.23.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in ProShares UltraPro S&P 500 in the third quarter valued at $60,000. SG Americas Securities LLC purchased a new position in ProShares UltraPro S&P 500 in the third quarter valued at about $569,000. Edgestream Partners L.P. acquired a new stake in shares of ProShares UltraPro S&P 500 during the second quarter worth approximately $565,000. Axxcess Wealth Management LLC raised its stake in shares of ProShares UltraPro S&P 500 by 603.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 57,540 shares of the company’s stock valued at $4,421,000 after purchasing an additional 49,357 shares in the last quarter. Finally, Creative Planning raised its stake in ProShares UltraPro S&P 500 by 35.5% during the second quarter. Creative Planning now owns 12,294 shares of the company’s stock valued at $945,000 after buying an additional 3,220 shares in the last quarter.

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.