Sollinda Capital Management LLC Has $360,000 Stock Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Sollinda Capital Management LLC lowered its stake in ProShares UltraPro S&P 500 (NYSEARCA:UPRO) by 90.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,060 shares of the company’s stock after selling 39,100 shares during the period. Sollinda Capital Management LLC’s holdings in ProShares UltraPro S&P 500 were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in ProShares UltraPro S&P 500 during the third quarter valued at about $26,000. Farther Finance Advisors LLC bought a new stake in ProShares UltraPro S&P 500 during the 3rd quarter worth approximately $60,000. SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro S&P 500 during the 4th quarter worth $87,000. Mayflower Financial Advisors LLC acquired a new position in ProShares UltraPro S&P 500 during the 4th quarter worth $230,000. Finally, Koshinski Asset Management Inc. lifted its stake in shares of ProShares UltraPro S&P 500 by 8.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 2,793 shares of the company’s stock valued at $248,000 after purchasing an additional 212 shares during the period.

ProShares UltraPro S&P 500 Stock Down 7.9 %

UPRO opened at $74.96 on Tuesday. ProShares UltraPro S&P 500 has a 12 month low of $58.74 and a 12 month high of $100.06. The company has a fifty day simple moving average of $91.74 and a 200 day simple moving average of $89.64. The stock has a market cap of $3.28 billion, a P/E ratio of 26.27 and a beta of 3.10.

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.