ProShares UltraPro S&P 500 $UPRO Shares Newly Bought by Kwmg LLC

Kwmg LLC acquired a new position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 6,853 shares of the company’s stock, valued at approximately $1,007,000.

Other hedge funds have also recently made changes to their positions in the company. Revere Asset Management Inc increased its holdings in ProShares UltraPro S&P 500 by 116.3% in the 2nd quarter. Revere Asset Management Inc now owns 393,443 shares of the company’s stock valued at $55,786,000 after purchasing an additional 211,506 shares during the last quarter. 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 in the last quarter. IMC Chicago LLC acquired a new position in ProShares UltraPro S&P 500 during the first quarter worth $3,215,000. PNC Financial Services Group Inc. purchased a new position in shares of ProShares UltraPro S&P 500 during the first quarter worth $2,819,000. Finally, Ascentis Independent Advisors grew its stake in shares of ProShares UltraPro S&P 500 by 96.5% in the first quarter. Ascentis Independent Advisors now owns 27,940 shares of the company’s stock valued at $2,710,000 after buying an additional 13,718 shares in the last quarter.

ProShares UltraPro S&P 500 Price Performance

Shares of UPRO stock traded down $1.06 on Wednesday, hitting $155.35. The stock had a trading volume of 1,398,873 shares, compared to its average volume of 3,196,788. The firm has a market capitalization of $5.58 billion, a P/E ratio of 28.62 and a beta of 3.03. ProShares UltraPro S&P 500 has a 1 year low of $88.14 and a 1 year high of $158.63. The company’s 50 day moving average price is $149.77 and its 200-day moving average price is $137.44.

ProShares UltraPro S&P 500 News Roundup

Here are the key news stories impacting ProShares UltraPro S&P 500 this week:

• Positive Sentiment: The S&P 500 and Nasdaq reached record closing highs as artificial-intelligence and other technology shares advanced, while Treasury yields eased from recent multi-year highs. This remains a supportive backdrop for UPRO, although the ETF’s leverage increases risk if the market reverses. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
• Positive Sentiment: Investor sentiment improved and the Fear & Greed Index moved into the neutral zone, suggesting reduced near-term fear following the index’s record advance. S&P 500 Hits Record High: Investor Sentiment Improves
• Neutral Sentiment: U.S. futures were little changed ahead of the Federal Reserve’s September meeting minutes, leaving markets sensitive to signals about interest rates. Oil prices were higher and Treasury yields edged up. Three Stocks Are Now 21% of the S&P 500
• Negative Sentiment: Market breadth is weak: NVIDIA, Apple and Microsoft account for roughly 21% of the S&P 500, while many other stocks are declining. The concentration and recent gains also raise overvaluation and reversal risks for index-linked products. The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else
• Negative Sentiment: Geopolitical tensions involving Iran, higher oil prices, borrowing costs and the Federal Reserve’s rate-hike backdrop continue to threaten the rally. Some megacap stocks also appear overbought, while limited retail participation is viewed as a possible contrarian warning. Only Four Trillion-Dollar Stocks Are Beating the S&P 500

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.