Ashton Thomas Private Wealth LLC Has $551,000 Stock Position in ProShares UltraPro S&P 500 $UPRO

Ashton Thomas Private Wealth LLC lowered its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 81.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,946 shares of the company’s stock after selling 21,238 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in ProShares UltraPro S&P 500 were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Ellis Investment Partners LLC lifted its position in shares of ProShares UltraPro S&P 500 by 5.1% in the 2nd quarter. Ellis Investment Partners LLC now owns 10,205 shares of the company’s stock valued at $933,000 after acquiring an additional 498 shares in the last quarter. Encompass More Asset Management raised its stake in ProShares UltraPro S&P 500 by 190.6% during the 3rd quarter. Encompass More Asset Management now owns 33,061 shares of the company’s stock valued at $3,686,000 after purchasing an additional 21,686 shares during the period. Diversified Trust Co acquired a new stake in ProShares UltraPro S&P 500 during the 3rd quarter valued at $5,574,000. Surience Private Wealth LLC purchased a new stake in shares of ProShares UltraPro S&P 500 in the third quarter valued at $903,000. Finally, HC Advisors LLC acquired a new stake in shares of ProShares UltraPro S&P 500 in the second quarter worth $245,000.

ProShares UltraPro S&P 500 Trading Up 5.8%

Shares of UPRO stock opened at $118.48 on Monday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a 1-year low of $45.88 and a 1-year high of $122.85. The stock’s fifty day simple moving average is $118.09 and its 200-day simple moving average is $111.21.

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.