Short Interest in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Drops By 53.0%

by · The Cerbat Gem

ProShares UltraPro S&P 500 (NYSEARCA:UPRO – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,248,033 shares, a decline of 53.0% from the December 15th total of 2,654,817 shares. Based on an average daily trading volume, of 3,233,175 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.1% of the shares of the company are sold short. Currently, 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,233,175 shares, the days-to-cover ratio is currently 0.4 days.

ProShares UltraPro S&P 500 Price Performance

NYSEARCA:UPRO traded up $0.87 during midday trading on Thursday, reaching $120.54. The stock had a trading volume of 3,342,482 shares, compared to its average volume of 3,942,407. The stock has a market capitalization of $4.82 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 $45.88 and a 1-year high of $122.71. The firm’s fifty day simple moving average is $115.96 and its 200-day simple moving average is $108.24.

Hedge Funds Weigh In On ProShares UltraPro S&P 500

A number of institutional investors have recently made changes to their positions in UPRO. Brookstone Capital Management bought a new stake in ProShares UltraPro S&P 500 during the 4th quarter valued at approximately $356,000. Cadent Capital Advisors LLC bought a new stake in shares of ProShares UltraPro S&P 500 in the fourth quarter valued at approximately $258,000. Robinson Value Management Ltd. acquired a new stake in shares of ProShares UltraPro S&P 500 in the fourth quarter worth $16,919,000. Great Oak Capital Partners LLC bought a new position in ProShares UltraPro S&P 500 during the fourth quarter worth $205,000. Finally, Innova Wealth Partners bought a new stake in ProShares UltraPro S&P 500 in the 3rd quarter valued at $258,000.

ProShares UltraPro S&P 500 Company Profile

(Get Free Report)

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.

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