ProShares UltraPro S&P 500 (NYSEARCA:UPRO) Sees Large Volume Increase – Here’s What Happened

ProShares UltraPro S&P 500 (NYSEARCA:UPRO) saw unusually-strong trading volume on Friday . Approximately 5,014,956 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 5,159,375 shares.The stock last traded at $85.85 and had previously closed at $89.84.

ProShares UltraPro S&P 500 Stock Performance

The firm’s 50 day simple moving average is $93.48 and its 200 day simple moving average is $85.12.

Institutional Trading of ProShares UltraPro S&P 500

Institutional investors and hedge funds have recently bought and sold shares of the stock. Innova Wealth Partners bought a new stake in ProShares UltraPro S&P 500 during the 4th quarter valued at about $362,000. JPMorgan Chase & Co. raised its stake in ProShares UltraPro S&P 500 by 103.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,799 shares of the company’s stock valued at $2,913,000 after buying an additional 17,170 shares during the last quarter. Discipline Wealth Solutions LLC purchased a new position in ProShares UltraPro S&P 500 in the third quarter worth about $429,000. Legacy Investment Solutions LLC bought a new stake in ProShares UltraPro S&P 500 during the third quarter valued at approximately $340,000. Finally, Quadrature Capital Ltd bought a new position in ProShares UltraPro S&P 500 in the 3rd quarter worth $15,552,000.

About ProShares UltraPro S&P 500

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.