ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Trading Down 9.7%

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) fell 9.7% during trading on Monday . The company traded as low as $61.85 and last traded at $63.89. 11,325,396 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 5,771,127 shares. The stock had previously closed at $70.77.

ProShares UltraPro S&P 500 Price Performance

The firm’s 50-day simple moving average is $76.63 and its 200 day simple moving average is $69.13.

Institutional Trading of ProShares UltraPro S&P 500

Several institutional investors and hedge funds have recently bought and sold shares of UPRO. CENTRAL TRUST Co purchased a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at about $111,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of ProShares UltraPro S&P 500 during the 4th quarter valued at $111,000. Toth Financial Advisory Corp grew its holdings in shares of ProShares UltraPro S&P 500 by 2.5% during the 4th quarter. Toth Financial Advisory Corp now owns 52,135 shares of the company’s stock valued at $2,854,000 after purchasing an additional 1,260 shares during the last quarter. Bison Wealth LLC purchased a new position in ProShares UltraPro S&P 500 in the 4th quarter worth $227,000. Finally, Millington Financial Advisors LLC boosted its position in ProShares UltraPro S&P 500 by 3.2% during the fourth quarter. Millington Financial Advisors LLC now owns 28,410 shares of the company’s stock valued at $1,555,000 after buying an additional 891 shares during the period.

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.