ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Short Interest Update

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,006,984 shares, a growth of 115.1% from the April 15th total of 933,049 shares. Based on an average trading volume of 3,566,930 shares, the days-to-cover ratio is presently 0.6 days. Currently, 5.5% of the company’s stock are sold short.

Institutional Trading of ProShares UltraPro S&P 500

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in ProShares UltraPro S&P 500 during the 1st quarter worth approximately $2,819,000. Independent Financial Group LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the 1st quarter valued at approximately $1,962,000. IMC Chicago LLC acquired a new stake in shares of ProShares UltraPro S&P 500 during the 1st quarter valued at approximately $3,215,000. Calamos Advisors LLC acquired a new stake in shares of ProShares UltraPro S&P 500 during the 1st quarter valued at approximately $442,000. Finally, Spectrum Financial Alliance Ltd LLC lifted its stake in ProShares UltraPro S&P 500 by 3.4% during the first quarter. Spectrum Financial Alliance Ltd LLC now owns 129,902 shares of the company’s stock worth $12,598,000 after purchasing an additional 4,306 shares during the last quarter.

ProShares UltraPro S&P 500 Price Performance

Shares of UPRO stock opened at $139.73 on Friday. The firm has a fifty day moving average of $115.06 and a two-hundred day moving average of $116.01. The firm has a market cap of $5.10 billion, a P/E ratio of 28.62 and a beta of 3.02. ProShares UltraPro S&P 500 has a 1-year low of $74.48 and a 1-year high of $145.93.

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.